This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $98,679 initial cash invested.
-16.56%
Cash On Cash
3.55%
Cap Rate
0.53
DSCR
$2,529
Rent
-$1,362
Cashflow
Cash Flow
$2,529 income − $3,891 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,529
Total Expenses
$3,891
Mortgage P&I
104%
$2,628
Property Taxes
17%
$442
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0