This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $98,700 initial cash invested.
-6.75%
Cash On Cash
5.75%
Cap Rate
0.86
DSCR
$3,934
Rent
-$555
Cashflow
Cash Flow
$3,934 income − $4,489 expenses = $555 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
$3,934
Total Expenses
$4,489
Mortgage P&I
66%
$2,610
Property Taxes
17%
$688
Home Insurance
4%
$168
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0