This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $97,608 initial cash invested.
-17.13%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$2,095
Rent
-$1,393
Cashflow
Cash Flow
$2,095 income − $3,488 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,095
Total Expenses
$3,488
Mortgage P&I
122%
$2,563
Property Taxes
10%
$216
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0