This property looks like a bad Long-Term investment with a projected -21.06% first-year return on $98,973 initial cash invested.
-21.06%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$2,092
Rent
-$1,737
Cashflow
Cash Flow
$2,092 income − $3,829 expenses = $1,737 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,973
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,092
Total Expenses
$3,829
Mortgage P&I
115%
$2,414
Property Taxes
33%
$697
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0