This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $98,973 initial cash invested.
-9.88%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$3,192
Rent
-$815
Cashflow
Cash Flow
$3,192 income − $4,007 expenses = $815 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,973
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,192
Total Expenses
$4,007
Mortgage P&I
74%
$2,367
Property Taxes
18%
$581
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0