This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $98,910 initial cash invested.
-9.74%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$2,703
Rent
-$803
Cashflow
Cash Flow
$2,703 income − $3,506 expenses = $803 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
$2,703
Total Expenses
$3,506
Mortgage P&I
89%
$2,394
Property Taxes
7%
$200
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0