This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $99,120 initial cash invested.
-17.8%
Cash On Cash
2.79%
Cap Rate
0.45
DSCR
$2,238
Rent
-$1,470
Cashflow
Cash Flow
$2,238 income − $3,708 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,120
Downpayment
20%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$3,708
Mortgage P&I
110%
$2,456
Property Taxes
23%
$505
Home Insurance
7%
$165
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0