This property looks like a bad Long-Term investment with a projected -2.49% first-year return on $98,700 initial cash invested.
-2.49%
Cash On Cash
6.61%
Cap Rate
1
DSCR
$3,920
Rent
-$205
Cashflow
Cash Flow
$3,920 income − $4,125 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,920
Total Expenses
$4,125
Mortgage P&I
66%
$2,597
Property Taxes
8%
$312
Home Insurance
4%
$164
HOA
1%
$33
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0