This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $98,301 initial cash invested.
-11.82%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,834
Rent
-$968
Cashflow
Cash Flow
$2,834 income − $3,802 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,301
Downpayment
20%
$93,620
Closing costs
1%
$4,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$3,802
Mortgage P&I
89%
$2,525
Property Taxes
13%
$382
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0