This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $98,679 initial cash invested.
-14.86%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$2,483
Rent
-$1,222
Cashflow
Cash Flow
$2,483 income − $3,705 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$3,705
Mortgage P&I
104%
$2,577
Property Taxes
11%
$267
Home Insurance
7%
$164
HOA
2%
$52
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0