This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $98,952 initial cash invested.
-12.7%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$2,886
Rent
-$1,047
Cashflow
Cash Flow
$2,886 income − $3,933 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,952
Downpayment
20%
$94,240
Closing costs
1%
$4,712
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$3,933
Mortgage P&I
88%
$2,540
Property Taxes
16%
$473
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0