This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $98,805 initial cash invested.
-10.13%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$3,344
Rent
-$834
Cashflow
Cash Flow
$3,344 income − $4,178 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,805
Downpayment
20%
$94,100
Closing costs
1%
$4,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,344
Total Expenses
$4,178
Mortgage P&I
72%
$2,396
Property Taxes
22%
$749
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0