This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $98,469 initial cash invested.
-18.21%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$2,629
Rent
-$1,494
Cashflow
Cash Flow
$2,629 income − $4,123 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,469
Downpayment
20%
$93,780
Closing costs
1%
$4,689
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$4,123
Mortgage P&I
98%
$2,575
Property Taxes
25%
$663
Home Insurance
6%
$164
HOA
1%
$38
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0