This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $98,616 initial cash invested.
-16.42%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,637
Rent
-$1,349
Cashflow
Cash Flow
$2,637 income − $3,986 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,616
Downpayment
20%
$93,920
Closing costs
1%
$4,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$3,986
Mortgage P&I
97%
$2,547
Property Taxes
22%
$583
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0