This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $98,280 initial cash invested.
-17.52%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,192
Rent
-$1,435
Cashflow
Cash Flow
$2,192 income − $3,627 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,192
Total Expenses
$3,627
Mortgage P&I
116%
$2,544
Property Taxes
16%
$346
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0