This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $98,490 initial cash invested.
-11.57%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$2,624
Rent
-$950
Cashflow
Cash Flow
$2,624 income − $3,574 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,490
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$3,574
Mortgage P&I
98%
$2,559
Property Taxes
6%
$170
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0