This property looks like a bad Long-Term investment with a projected -9.8% first-year return on $98,196 initial cash invested.
-9.8%
Cash On Cash
4.57%
Cap Rate
0.73
DSCR
$2,913
Rent
-$802
Cashflow
Cash Flow
$2,913 income − $3,715 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,196
Downpayment
20%
$93,520
Closing costs
1%
$4,676
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,913
Total Expenses
$3,715
Mortgage P&I
84%
$2,438
Property Taxes
10%
$304
Home Insurance
6%
$173
HOA
1%
$42
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0