This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $98,364 initial cash invested.
-8.55%
Cash On Cash
4.82%
Cap Rate
0.77
DSCR
$3,029
Rent
-$701
Cashflow
Cash Flow
$3,029 income − $3,730 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,364
Downpayment
20%
$93,680
Closing costs
1%
$4,684
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,029
Total Expenses
$3,730
Mortgage P&I
80%
$2,433
Property Taxes
8%
$255
Home Insurance
6%
$170
HOA
3%
$85
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0