This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $98,154 initial cash invested.
-10.8%
Cash On Cash
4.15%
Cap Rate
0.69
DSCR
$2,939
Rent
-$883
Cashflow
Cash Flow
$2,939 income − $3,822 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,154
Downpayment
20%
$93,480
Closing costs
1%
$4,674
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,939
Total Expenses
$3,822
Mortgage P&I
80%
$2,351
Property Taxes
18%
$543
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0