This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $97,650 initial cash invested.
-10.99%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$2,717
Rent
-$894
Cashflow
Cash Flow
$2,717 income − $3,611 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,717
Total Expenses
$3,611
Mortgage P&I
94%
$2,561
Property Taxes
7%
$180
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0