This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $98,490 initial cash invested.
-12.18%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$2,794
Rent
-$1,000
Cashflow
Cash Flow
$2,794 income − $3,794 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,490
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,794
Total Expenses
$3,794
Mortgage P&I
92%
$2,560
Property Taxes
12%
$336
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0