This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $99,015 initial cash invested.
-14.68%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$2,514
Rent
-$1,211
Cashflow
Cash Flow
$2,514 income − $3,725 expenses = $1,211 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,015
Downpayment
20%
$94,300
Closing costs
1%
$4,715
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,514
Total Expenses
$3,725
Mortgage P&I
98%
$2,456
Property Taxes
18%
$454
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0