This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $99,603 initial cash invested.
-13.96%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$3,404
Rent
-$1,159
Cashflow
Cash Flow
$3,404 income − $4,563 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,603
Downpayment
20%
$94,860
Closing costs
1%
$4,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,404
Total Expenses
$4,563
Mortgage P&I
77%
$2,635
Property Taxes
26%
$869
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0