This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $97,650 initial cash invested.
-14.54%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,694
Rent
-$1,183
Cashflow
Cash Flow
$2,694 income − $3,877 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,650
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,694
Total Expenses
$3,877
Mortgage P&I
93%
$2,512
Property Taxes
18%
$493
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0