This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $99,309 initial cash invested.
-12.31%
Cash On Cash
4.12%
Cap Rate
0.65
DSCR
$2,808
Rent
-$1,019
Cashflow
Cash Flow
$2,808 income − $3,827 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,309
Downpayment
20%
$94,580
Closing costs
1%
$4,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,808
Total Expenses
$3,827
Mortgage P&I
89%
$2,501
Property Taxes
16%
$439
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0