This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $99,603 initial cash invested.
-13.96%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$2,661
Rent
-$1,159
Cashflow
Cash Flow
$2,661 income − $3,820 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,603
Downpayment
20%
$94,860
Closing costs
1%
$4,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,661
Total Expenses
$3,820
Mortgage P&I
96%
$2,556
Property Taxes
15%
$404
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0