This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $98,868 initial cash invested.
-15.05%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$2,368
Rent
-$1,240
Cashflow
Cash Flow
$2,368 income − $3,608 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,868
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$3,608
Mortgage P&I
105%
$2,498
Property Taxes
14%
$334
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0