This property looks like a bad Long-Term investment with a projected -1.18% first-year return on $98,763 initial cash invested.
-1.18%
Cash On Cash
6.8%
Cap Rate
1.04
DSCR
$4,106
Rent
-$97
Cashflow
Cash Flow
$4,106 income − $4,203 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,763
Downpayment
20%
$94,060
Closing costs
1%
$4,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,106
Total Expenses
$4,203
Mortgage P&I
62%
$2,557
Property Taxes
10%
$411
Home Insurance
4%
$168
HOA
0%
$0
Property Management
10%
$411
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0