This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $98,931 initial cash invested.
-12.97%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$2,349
Rent
-$1,069
Cashflow
Cash Flow
$2,349 income − $3,418 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,931
Downpayment
20%
$94,220
Closing costs
1%
$4,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$3,418
Mortgage P&I
108%
$2,531
Property Taxes
4%
$105
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0