This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $99,372 initial cash invested.
-12.41%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$2,440
Rent
-$1,028
Cashflow
Cash Flow
$2,440 income − $3,468 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,372
Downpayment
20%
$94,640
Closing costs
1%
$4,732
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,440
Total Expenses
$3,468
Mortgage P&I
103%
$2,504
Property Taxes
5%
$120
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0