This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $99,120 initial cash invested.
-11.26%
Cash On Cash
4.36%
Cap Rate
0.68
DSCR
$2,453
Rent
-$930
Cashflow
Cash Flow
$2,453 income − $3,383 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,120
Downpayment
20%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$3,383
Mortgage P&I
103%
$2,522
Property Taxes
2%
$58
Home Insurance
7%
$165
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0