This property looks like a bad Long-Term investment with a projected -2.13% first-year return on $98,175 initial cash invested.
-2.13%
Cash On Cash
6.17%
Cap Rate
1.01
DSCR
$3,809
Rent
-$174
Cashflow
Cash Flow
$3,809 income − $3,983 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,175
Downpayment
20%
$93,500
Closing costs
1%
$4,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,809
Total Expenses
$3,983
Mortgage P&I
63%
$2,387
Property Taxes
12%
$440
Home Insurance
4%
$166
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$190
Vacancy
6%
$229
Maintenance
5%
$190
Other
0%
$0