This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $97,650 initial cash invested.
-15.63%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$2,471
Rent
-$1,272
Cashflow
Cash Flow
$2,471 income − $3,743 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,471
Total Expenses
$3,743
Mortgage P&I
96%
$2,374
Property Taxes
23%
$563
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0