This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $99,246 initial cash invested.
-11.11%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,645
Rent
-$919
Cashflow
Cash Flow
$2,645 income − $3,564 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,246
Downpayment
20%
$94,520
Closing costs
1%
$4,726
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,645
Total Expenses
$3,564
Mortgage P&I
99%
$2,608
Property Taxes
4%
$94
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0