This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $98,532 initial cash invested.
-17.85%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,097
Rent
-$1,466
Cashflow
Cash Flow
$2,097 income − $3,563 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,532
Downpayment
20%
$93,840
Closing costs
1%
$4,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$3,563
Mortgage P&I
122%
$2,561
Property Taxes
13%
$281
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0