This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $97,650 initial cash invested.
-13.11%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$2,483
Rent
-$1,067
Cashflow
Cash Flow
$2,483 income − $3,550 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,483
Total Expenses
$3,550
Mortgage P&I
101%
$2,506
Property Taxes
10%
$236
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0