This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $99,330 initial cash invested.
-19.06%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$2,230
Rent
-$1,578
Cashflow
Cash Flow
$2,230 income − $3,808 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,330
Downpayment
20%
$94,600
Closing costs
1%
$4,730
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,230
Total Expenses
$3,808
Mortgage P&I
116%
$2,581
Property Taxes
21%
$478
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0