This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $98,154 initial cash invested.
-16.09%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,463
Rent
-$1,316
Cashflow
Cash Flow
$2,463 income − $3,779 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,154
Downpayment
20%
$93,480
Closing costs
1%
$4,674
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,463
Total Expenses
$3,779
Mortgage P&I
102%
$2,521
Property Taxes
18%
$454
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0