This property looks like a bad Long-Term investment with a projected -20.23% first-year return on $97,629 initial cash invested.
-20.23%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$2,124
Rent
-$1,646
Cashflow
Cash Flow
$2,124 income − $3,770 expenses = $1,646 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,124
Total Expenses
$3,770
Mortgage P&I
119%
$2,530
Property Taxes
25%
$526
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0