This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $98,616 initial cash invested.
-10.57%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$3,106
Rent
-$869
Cashflow
Cash Flow
$3,106 income − $3,975 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,616
Downpayment
20%
$93,920
Closing costs
1%
$4,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,106
Total Expenses
$3,975
Mortgage P&I
83%
$2,593
Property Taxes
13%
$409
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0