This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $98,490 initial cash invested.
-17.7%
Cash On Cash
2.69%
Cap Rate
0.43
DSCR
$1,682
Rent
-$1,453
Cashflow
Cash Flow
$1,682 income − $3,135 expenses = $1,453 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,490
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,682
Total Expenses
$3,135
Mortgage P&I
144%
$2,421
Property Taxes
6%
$105
Home Insurance
10%
$172
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0