This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $98,679 initial cash invested.
-10.43%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$2,930
Rent
-$858
Cashflow
Cash Flow
$2,930 income − $3,788 expenses = $858 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,930
Total Expenses
$3,788
Mortgage P&I
85%
$2,500
Property Taxes
12%
$363
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0