This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $99,456 initial cash invested.
-12.71%
Cash On Cash
4.11%
Cap Rate
0.64
DSCR
$2,610
Rent
-$1,053
Cashflow
Cash Flow
$2,610 income − $3,663 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,456
Downpayment
20%
$94,720
Closing costs
1%
$4,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,610
Total Expenses
$3,663
Mortgage P&I
98%
$2,546
Property Taxes
10%
$269
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0