This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $98,049 initial cash invested.
-10.92%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$2,674
Rent
-$892
Cashflow
Cash Flow
$2,674 income − $3,566 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,049
Downpayment
20%
$93,380
Closing costs
1%
$4,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$3,566
Mortgage P&I
96%
$2,580
Property Taxes
3%
$71
Home Insurance
6%
$166
HOA
2%
$54
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0