This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $98,553 initial cash invested.
-18.74%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,064
Rent
-$1,539
Cashflow
Cash Flow
$2,064 income − $3,603 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,553
Downpayment
20%
$93,860
Closing costs
1%
$4,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,064
Total Expenses
$3,603
Mortgage P&I
125%
$2,579
Property Taxes
15%
$317
Home Insurance
8%
$171
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0