This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $98,070 initial cash invested.
-10.78%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$2,895
Rent
-$881
Cashflow
Cash Flow
$2,895 income − $3,776 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,070
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,895
Total Expenses
$3,776
Mortgage P&I
82%
$2,368
Property Taxes
16%
$473
Home Insurance
6%
$163
HOA
1%
$18
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0