This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $98,175 initial cash invested.
-12.3%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$2,673
Rent
-$1,006
Cashflow
Cash Flow
$2,673 income − $3,679 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,673
Total Expenses
$3,679
Mortgage P&I
92%
$2,451
Property Taxes
14%
$369
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0