This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $99,540 initial cash invested.
-17.22%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,211
Rent
-$1,428
Cashflow
Cash Flow
$2,211 income − $3,639 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,540
Downpayment
20%
$94,800
Closing costs
1%
$4,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$3,639
Mortgage P&I
117%
$2,587
Property Taxes
14%
$310
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0