This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $98,112 initial cash invested.
-16.81%
Cash On Cash
3.2%
Cap Rate
0.5
DSCR
$2,213
Rent
-$1,374
Cashflow
Cash Flow
$2,213 income − $3,587 expenses = $1,374 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,112
Downpayment
20%
$93,440
Closing costs
1%
$4,672
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$3,587
Mortgage P&I
113%
$2,507
Property Taxes
15%
$330
Home Insurance
7%
$164
HOA
0%
$10
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0