This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $98,973 initial cash invested.
-10.45%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$3,152
Rent
-$862
Cashflow
Cash Flow
$3,152 income − $4,014 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,973
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,152
Total Expenses
$4,014
Mortgage P&I
82%
$2,590
Property Taxes
14%
$438
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0