This property looks like a bad Long-Term investment with a projected -3% first-year return on $97,671 initial cash invested.
-3%
Cash On Cash
6.25%
Cap Rate
0.98
DSCR
$3,841
Rent
-$244
Cashflow
Cash Flow
$3,841 income − $4,085 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,671
Downpayment
20%
$93,020
Closing costs
1%
$4,651
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,841
Total Expenses
$4,085
Mortgage P&I
64%
$2,474
Property Taxes
5%
$193
Home Insurance
5%
$175
HOA
6%
$245
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0