This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $98,280 initial cash invested.
-6.62%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$3,396
Rent
-$542
Cashflow
Cash Flow
$3,396 income − $3,938 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,280
Downpayment
20%
$93,600
Closing costs
1%
$4,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,396
Total Expenses
$3,938
Mortgage P&I
74%
$2,514
Property Taxes
11%
$382
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0