This property looks like a bad Long-Term investment with a projected -4.81% first-year return on $97,986 initial cash invested.
-4.81%
Cash On Cash
5.52%
Cap Rate
0.9
DSCR
$3,188
Rent
-$393
Cashflow
Cash Flow
$3,188 income − $3,581 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,986
Downpayment
20%
$93,320
Closing costs
1%
$4,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$3,581
Mortgage P&I
75%
$2,381
Property Taxes
6%
$206
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0