This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $98,679 initial cash invested.
-12.95%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,503
Rent
-$1,065
Cashflow
Cash Flow
$2,503 income − $3,568 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,503
Total Expenses
$3,568
Mortgage P&I
101%
$2,532
Property Taxes
9%
$222
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0