This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $98,469 initial cash invested.
-12.15%
Cash On Cash
4.56%
Cap Rate
0.67
DSCR
$2,767
Rent
-$997
Cashflow
Cash Flow
$2,767 income − $3,764 expenses = $997 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,469
Downpayment
20%
$93,780
Closing costs
1%
$4,689
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,767
Total Expenses
$3,764
Mortgage P&I
95%
$2,639
Property Taxes
9%
$243
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0