This property looks like a bad Long-Term investment with a projected -20.81% first-year return on $98,280 initial cash invested.
-20.81%
Cash On Cash
2.63%
Cap Rate
0.39
DSCR
$2,650
Rent
-$1,704
Cashflow
Cash Flow
$2,650 income − $4,354 expenses = $1,704 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,650
Total Expenses
$4,354
Mortgage P&I
98%
$2,596
Property Taxes
34%
$906
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0