This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $99,498 initial cash invested.
-9.5%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$2,856
Rent
-$788
Cashflow
Cash Flow
$2,856 income − $3,644 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,498
Downpayment
20%
$94,760
Closing costs
1%
$4,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,856
Total Expenses
$3,644
Mortgage P&I
91%
$2,593
Property Taxes
5%
$133
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0