This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $98,511 initial cash invested.
-19.98%
Cash On Cash
2.72%
Cap Rate
0.41
DSCR
$2,052
Rent
-$1,640
Cashflow
Cash Flow
$2,052 income − $3,692 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,511
Downpayment
20%
$93,820
Closing costs
1%
$4,691
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,052
Total Expenses
$3,692
Mortgage P&I
127%
$2,602
Property Taxes
19%
$386
Home Insurance
8%
$170
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0