This property looks like a bad Long-Term investment with a projected -9.58% first-year return on $98,490 initial cash invested.
-9.58%
Cash On Cash
4.4%
Cap Rate
0.73
DSCR
$2,977
Rent
-$786
Cashflow
Cash Flow
$2,977 income − $3,763 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,490
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$3,763
Mortgage P&I
79%
$2,356
Property Taxes
16%
$468
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0