This property looks like a bad Long-Term investment with a projected -11.61% first-year return on $98,406 initial cash invested.
-11.61%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,510
Rent
-$952
Cashflow
Cash Flow
$2,510 income − $3,462 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,406
Downpayment
20%
$93,720
Closing costs
1%
$4,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$3,462
Mortgage P&I
100%
$2,509
Property Taxes
4%
$96
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0