This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $98,616 initial cash invested.
-17.86%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$2,121
Rent
-$1,468
Cashflow
Cash Flow
$2,121 income − $3,589 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,616
Downpayment
20%
$93,920
Closing costs
1%
$4,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$3,589
Mortgage P&I
122%
$2,587
Property Taxes
13%
$267
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0