This property looks like a bad Long-Term investment with a projected -21.83% first-year return on $98,679 initial cash invested.
-21.83%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$1,524
Rent
-$1,795
Cashflow
Cash Flow
$1,524 income − $3,319 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,524
Total Expenses
$3,319
Mortgage P&I
159%
$2,428
Property Taxes
22%
$332
Home Insurance
11%
$164
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0