This property looks like a bad Long-Term investment with a projected -15.45% first-year return on $98,868 initial cash invested.
-15.45%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$2,211
Rent
-$1,273
Cashflow
Cash Flow
$2,211 income − $3,484 expenses = $1,273 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,868
Downpayment
20%
$94,160
Closing costs
1%
$4,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$3,484
Mortgage P&I
118%
$2,616
Property Taxes
6%
$122
Home Insurance
8%
$170
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0