This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $98,679 initial cash invested.
-17.78%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$1,976
Rent
-$1,462
Cashflow
Cash Flow
$1,976 income − $3,438 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,976
Total Expenses
$3,438
Mortgage P&I
132%
$2,616
Property Taxes
7%
$143
Home Insurance
8%
$164
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0