This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $98,679 initial cash invested.
-15.92%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,241
Rent
-$1,309
Cashflow
Cash Flow
$2,241 income − $3,550 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,241
Total Expenses
$3,550
Mortgage P&I
115%
$2,579
Property Taxes
10%
$225
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0