This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $97,650 initial cash invested.
-16.73%
Cash On Cash
3.59%
Cap Rate
0.53
DSCR
$2,121
Rent
-$1,361
Cashflow
Cash Flow
$2,121 income − $3,482 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,121
Total Expenses
$3,482
Mortgage P&I
125%
$2,648
Property Taxes
6%
$117
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0