This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $98,364 initial cash invested.
-15.35%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$2,316
Rent
-$1,258
Cashflow
Cash Flow
$2,316 income − $3,574 expenses = $1,258 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
$2,316
Total Expenses
$3,574
Mortgage P&I
105%
$2,430
Property Taxes
16%
$377
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0