This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $98,574 initial cash invested.
-14.75%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,734
Rent
-$1,212
Cashflow
Cash Flow
$2,734 income − $3,946 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,574
Downpayment
20%
$93,880
Closing costs
1%
$4,694
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,734
Total Expenses
$3,946
Mortgage P&I
94%
$2,566
Property Taxes
14%
$394
Home Insurance
6%
$166
HOA
4%
$109
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0