This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $98,660 initial cash invested.
-12.56%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,362
Rent
-$1,033
Cashflow
Cash Flow
$2,362 income − $3,395 expenses = $1,033 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,660
Downpayment
20%
$93,962
Closing costs
1%
$4,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$3,395
Mortgage P&I
103%
$2,422
Property Taxes
8%
$195
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0