This property looks like a bad Long-Term investment with a projected -2.4% first-year return on $98,301 initial cash invested.
-2.4%
Cash On Cash
6.19%
Cap Rate
0.99
DSCR
$3,334
Rent
-$197
Cashflow
Cash Flow
$3,334 income − $3,531 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,301
Downpayment
20%
$93,620
Closing costs
1%
$4,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,334
Total Expenses
$3,531
Mortgage P&I
73%
$2,444
Property Taxes
1%
$42
Home Insurance
5%
$166
HOA
0%
$12
Property Management
10%
$333
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0