This property looks like a bad Long-Term investment with a projected -17.83% first-year return on $98,679 initial cash invested.
-17.83%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,082
Rent
-$1,466
Cashflow
Cash Flow
$3,082 income − $4,548 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,082
Total Expenses
$4,548
Mortgage P&I
85%
$2,610
Property Taxes
32%
$973
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0