This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $98,385 initial cash invested.
-17.99%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$2,547
Rent
-$1,475
Cashflow
Cash Flow
$2,547 income − $4,022 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,385
Downpayment
20%
$93,700
Closing costs
1%
$4,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,547
Total Expenses
$4,022
Mortgage P&I
99%
$2,512
Property Taxes
18%
$447
Home Insurance
7%
$166
HOA
9%
$235
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0