This property looks like a bad Long-Term investment with a projected -8.6% first-year return on $98,679 initial cash invested.
-8.6%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$3,541
Rent
-$707
Cashflow
Cash Flow
$3,541 income − $4,248 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,541
Total Expenses
$4,248
Mortgage P&I
72%
$2,538
Property Taxes
18%
$626
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0