This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $98,910 initial cash invested.
-10.86%
Cash On Cash
4.12%
Cap Rate
0.68
DSCR
$2,474
Rent
-$895
Cashflow
Cash Flow
$2,474 income − $3,369 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,910
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,474
Total Expenses
$3,369
Mortgage P&I
97%
$2,390
Property Taxes
7%
$166
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0