This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $98,280 initial cash invested.
-15.95%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$2,585
Rent
-$1,306
Cashflow
Cash Flow
$2,585 income − $3,891 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,585
Total Expenses
$3,891
Mortgage P&I
94%
$2,417
Property Taxes
24%
$619
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0