This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $98,700 initial cash invested.
-16.95%
Cash On Cash
3.19%
Cap Rate
0.5
DSCR
$2,458
Rent
-$1,394
Cashflow
Cash Flow
$2,458 income − $3,852 expenses = $1,394 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$3,852
Mortgage P&I
103%
$2,521
Property Taxes
21%
$528
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0