This property looks like a bad Long-Term investment with a projected -20.7% first-year return on $99,414 initial cash invested.
-20.7%
Cash On Cash
2.08%
Cap Rate
0.33
DSCR
$1,495
Rent
-$1,715
Cashflow
Cash Flow
$1,495 income − $3,210 expenses = $1,715 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,414
Downpayment
20%
$94,680
Closing costs
1%
$4,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$3,210
Mortgage P&I
165%
$2,460
Property Taxes
13%
$190
Home Insurance
11%
$170
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0