This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $97,545 initial cash invested.
-14.42%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$2,660
Rent
-$1,172
Cashflow
Cash Flow
$2,660 income − $3,832 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,545
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$3,832
Mortgage P&I
97%
$2,569
Property Taxes
15%
$405
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0