This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $98,595 initial cash invested.
-15.47%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$2,107
Rent
-$1,271
Cashflow
Cash Flow
$2,107 income − $3,378 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,595
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$3,378
Mortgage P&I
116%
$2,439
Property Taxes
11%
$228
Home Insurance
8%
$164
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0