This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $98,700 initial cash invested.
-12.97%
Cash On Cash
3.85%
Cap Rate
0.61
DSCR
$2,337
Rent
-$1,067
Cashflow
Cash Flow
$2,337 income − $3,404 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,337
Total Expenses
$3,404
Mortgage P&I
105%
$2,458
Property Taxes
7%
$174
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0