This property looks like a bad Long-Term investment with a projected -13% first-year return on $99,267 initial cash invested.
-13%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$2,611
Rent
-$1,075
Cashflow
Cash Flow
$2,611 income − $3,686 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,611
Total Expenses
$3,686
Mortgage P&I
100%
$2,622
Property Taxes
8%
$218
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0