This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $98,385 initial cash invested.
-15.59%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$2,184
Rent
-$1,278
Cashflow
Cash Flow
$2,184 income − $3,462 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,385
Downpayment
20%
$93,700
Closing costs
1%
$4,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,184
Total Expenses
$3,462
Mortgage P&I
115%
$2,522
Property Taxes
8%
$165
Home Insurance
8%
$166
HOA
2%
$42
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0