This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $98,511 initial cash invested.
-18.03%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$2,224
Rent
-$1,480
Cashflow
Cash Flow
$2,224 income − $3,704 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,511
Downpayment
20%
$93,820
Closing costs
1%
$4,691
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,224
Total Expenses
$3,704
Mortgage P&I
112%
$2,493
Property Taxes
20%
$453
Home Insurance
8%
$181
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0