This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $98,805 initial cash invested.
-16.52%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$2,356
Rent
-$1,360
Cashflow
Cash Flow
$2,356 income − $3,716 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,805
Downpayment
20%
$94,100
Closing costs
1%
$4,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$3,716
Mortgage P&I
103%
$2,431
Property Taxes
22%
$508
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0