This property looks like a bad Long-Term investment with a projected -17.49% first-year return on $98,868 initial cash invested.
-17.49%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$2,519
Rent
-$1,441
Cashflow
Cash Flow
$2,519 income − $3,960 expenses = $1,441 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,868
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$3,960
Mortgage P&I
104%
$2,627
Property Taxes
15%
$367
Home Insurance
7%
$166
HOA
6%
$145
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0