This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $98,175 initial cash invested.
-15.96%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,448
Rent
-$1,306
Cashflow
Cash Flow
$2,448 income − $3,754 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,175
Downpayment
20%
$93,500
Closing costs
1%
$4,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,448
Total Expenses
$3,754
Mortgage P&I
105%
$2,561
Property Taxes
10%
$243
Home Insurance
7%
$172
HOA
6%
$142
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0