This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $99,477 initial cash invested.
-14.45%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,475
Rent
-$1,198
Cashflow
Cash Flow
$2,475 income − $3,673 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$474k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,477
Downpayment
20%
$94,740
Closing costs
1%
$4,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$3,673
Mortgage P&I
104%
$2,567
Property Taxes
10%
$244
Home Insurance
7%
$168
HOA
2%
$50
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0