This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $98,238 initial cash invested.
-17.2%
Cash On Cash
2.74%
Cap Rate
0.45
DSCR
$2,059
Rent
-$1,408
Cashflow
Cash Flow
$2,059 income − $3,467 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,238
Downpayment
20%
$93,560
Closing costs
1%
$4,678
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,059
Total Expenses
$3,467
Mortgage P&I
115%
$2,375
Property Taxes
19%
$392
Home Insurance
8%
$164
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0