This property looks like a bad Long-Term investment with a projected -6.26% first-year return on $98,406 initial cash invested.
-6.26%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,822
Rent
-$513
Cashflow
Cash Flow
$3,822 income − $4,335 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,406
Downpayment
20%
$93,720
Closing costs
1%
$4,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,822
Total Expenses
$4,335
Mortgage P&I
66%
$2,536
Property Taxes
17%
$647
Home Insurance
4%
$159
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0