This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $98,637 initial cash invested.
-17.65%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,654
Rent
-$1,451
Cashflow
Cash Flow
$2,654 income − $4,105 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,637
Downpayment
20%
$93,940
Closing costs
1%
$4,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,654
Total Expenses
$4,105
Mortgage P&I
96%
$2,543
Property Taxes
17%
$443
Home Insurance
6%
$166
HOA
10%
$263
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0