This property looks like a bad Long-Term investment with a projected -6.5% first-year return on $99,267 initial cash invested.
-6.5%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$3,141
Rent
-$538
Cashflow
Cash Flow
$3,141 income − $3,679 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,267
Downpayment
20%
$94,540
Closing costs
1%
$4,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,141
Total Expenses
$3,679
Mortgage P&I
76%
$2,397
Property Taxes
10%
$300
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0