This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $98,721 initial cash invested.
-15.21%
Cash On Cash
3.56%
Cap Rate
0.56
DSCR
$2,631
Rent
-$1,251
Cashflow
Cash Flow
$2,631 income − $3,882 expenses = $1,251 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,721
Downpayment
20%
$94,020
Closing costs
1%
$4,701
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,631
Total Expenses
$3,882
Mortgage P&I
96%
$2,515
Property Taxes
20%
$537
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0