This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $98,700 initial cash invested.
-10.41%
Cash On Cash
4.67%
Cap Rate
0.72
DSCR
$2,942
Rent
-$856
Cashflow
Cash Flow
$2,942 income − $3,798 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,942
Total Expenses
$3,798
Mortgage P&I
86%
$2,538
Property Taxes
10%
$308
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0