This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $98,658 initial cash invested.
-15.31%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,594
Rent
-$1,259
Cashflow
Cash Flow
$2,594 income − $3,853 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,658
Downpayment
20%
$93,960
Closing costs
1%
$4,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$3,853
Mortgage P&I
101%
$2,611
Property Taxes
16%
$403
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0