This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $97,650 initial cash invested.
-15.1%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,555
Rent
-$1,229
Cashflow
Cash Flow
$2,555 income − $3,784 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,555
Total Expenses
$3,784
Mortgage P&I
98%
$2,506
Property Taxes
18%
$450
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0