This property looks like a bad Long-Term investment with a projected -20.39% first-year return on $98,742 initial cash invested.
-20.39%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$1,643
Rent
-$1,678
Cashflow
Cash Flow
$1,643 income − $3,321 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,742
Downpayment
20%
$94,040
Closing costs
1%
$4,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,643
Total Expenses
$3,321
Mortgage P&I
157%
$2,579
Property Taxes
8%
$135
Home Insurance
10%
$170
HOA
1%
$10
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0