This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $98,070 initial cash invested.
-18.31%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$2,451
Rent
-$1,496
Cashflow
Cash Flow
$2,451 income − $3,947 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,070
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$3,947
Mortgage P&I
104%
$2,537
Property Taxes
25%
$606
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0