This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $98,070 initial cash invested.
-8.69%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$3,020
Rent
-$710
Cashflow
Cash Flow
$3,020 income − $3,730 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,070
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,020
Total Expenses
$3,730
Mortgage P&I
83%
$2,516
Property Taxes
9%
$261
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0