This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $98,091 initial cash invested.
-10.46%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$2,549
Rent
-$855
Cashflow
Cash Flow
$2,549 income − $3,404 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,091
Downpayment
20%
$93,420
Closing costs
1%
$4,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$3,404
Mortgage P&I
97%
$2,481
Property Taxes
4%
$95
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0