This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $99,330 initial cash invested.
-14.41%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$2,437
Rent
-$1,193
Cashflow
Cash Flow
$2,437 income − $3,630 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,437
Total Expenses
$3,630
Mortgage P&I
107%
$2,618
Property Taxes
9%
$208
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0