This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $98,322 initial cash invested.
-13.94%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$2,346
Rent
-$1,142
Cashflow
Cash Flow
$2,346 income − $3,488 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,322
Downpayment
20%
$93,640
Closing costs
1%
$4,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,346
Total Expenses
$3,488
Mortgage P&I
107%
$2,500
Property Taxes
9%
$220
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0