This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $98,070 initial cash invested.
-14.35%
Cash On Cash
3.45%
Cap Rate
0.56
DSCR
$2,531
Rent
-$1,173
Cashflow
Cash Flow
$2,531 income − $3,704 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,070
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,531
Total Expenses
$3,704
Mortgage P&I
94%
$2,389
Property Taxes
14%
$362
Home Insurance
7%
$168
HOA
5%
$126
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0