This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $99,519 initial cash invested.
-16.03%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$2,044
Rent
-$1,329
Cashflow
Cash Flow
$2,044 income − $3,373 expenses = $1,329 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,519
Downpayment
20%
$94,780
Closing costs
1%
$4,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$3,373
Mortgage P&I
118%
$2,402
Property Taxes
13%
$267
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0