This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $99,120 initial cash invested.
-8.22%
Cash On Cash
5%
Cap Rate
0.79
DSCR
$3,088
Rent
-$679
Cashflow
Cash Flow
$3,088 income − $3,767 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,088
Total Expenses
$3,767
Mortgage P&I
81%
$2,493
Property Taxes
10%
$302
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0