This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $99,309 initial cash invested.
-14.42%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$2,617
Rent
-$1,193
Cashflow
Cash Flow
$2,617 income − $3,810 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,309
Downpayment
20%
$94,580
Closing costs
1%
$4,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,617
Total Expenses
$3,810
Mortgage P&I
96%
$2,520
Property Taxes
17%
$443
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0