This property looks like a bad Long-Term investment with a projected -14.56% first-year return on $97,608 initial cash invested.
-14.56%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$2,975
Rent
-$1,184
Cashflow
Cash Flow
$2,975 income − $4,159 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,608
Downpayment
20%
$92,960
Closing costs
1%
$4,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,975
Total Expenses
$4,159
Mortgage P&I
81%
$2,407
Property Taxes
27%
$794
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0