This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $98,490 initial cash invested.
-12.53%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$2,366
Rent
-$1,028
Cashflow
Cash Flow
$2,366 income − $3,394 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,490
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,366
Total Expenses
$3,394
Mortgage P&I
105%
$2,485
Property Taxes
4%
$103
Home Insurance
7%
$164
HOA
1%
$27
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0