This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $99,099 initial cash invested.
-15.32%
Cash On Cash
3.32%
Cap Rate
0.53
DSCR
$1,999
Rent
-$1,265
Cashflow
Cash Flow
$1,999 income − $3,264 expenses = $1,265 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,099
Downpayment
20%
$94,380
Closing costs
1%
$4,719
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$3,264
Mortgage P&I
124%
$2,471
Property Taxes
5%
$98
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0