This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $98,259 initial cash invested.
-14.04%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,472
Rent
-$1,150
Cashflow
Cash Flow
$2,472 income − $3,622 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,259
Downpayment
20%
$93,580
Closing costs
1%
$4,679
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$3,622
Mortgage P&I
105%
$2,592
Property Taxes
9%
$223
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0