This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $98,973 initial cash invested.
-9.18%
Cash On Cash
4.63%
Cap Rate
0.75
DSCR
$2,842
Rent
-$757
Cashflow
Cash Flow
$2,842 income − $3,599 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,973
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,842
Total Expenses
$3,599
Mortgage P&I
86%
$2,432
Property Taxes
9%
$256
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0