This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $98,868 initial cash invested.
-21.81%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$1,554
Rent
-$1,797
Cashflow
Cash Flow
$1,554 income − $3,351 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,868
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,554
Total Expenses
$3,351
Mortgage P&I
165%
$2,569
Property Taxes
9%
$147
Home Insurance
11%
$175
HOA
4%
$56
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0