This property looks like a bad Long-Term investment with a projected -9.07% first-year return on $98,826 initial cash invested.
-9.07%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$3,239
Rent
-$747
Cashflow
Cash Flow
$3,239 income − $3,986 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,826
Downpayment
20%
$94,120
Closing costs
1%
$4,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,239
Total Expenses
$3,986
Mortgage P&I
77%
$2,485
Property Taxes
15%
$491
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0