This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $98,490 initial cash invested.
-9.83%
Cash On Cash
4.42%
Cap Rate
0.73
DSCR
$3,145
Rent
-$807
Cashflow
Cash Flow
$3,145 income − $3,952 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,145
Total Expenses
$3,952
Mortgage P&I
76%
$2,376
Property Taxes
16%
$501
Home Insurance
6%
$175
HOA
3%
$83
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0