This property looks like a bad Long-Term investment with a projected -8.53% first-year return on $97,629 initial cash invested.
-8.53%
Cash On Cash
4.65%
Cap Rate
0.77
DSCR
$2,912
Rent
-$694
Cashflow
Cash Flow
$2,912 income − $3,606 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,629
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,912
Total Expenses
$3,606
Mortgage P&I
81%
$2,350
Property Taxes
12%
$335
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0