This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $98,574 initial cash invested.
-15.34%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,557
Rent
-$1,260
Cashflow
Cash Flow
$2,557 income − $3,817 expenses = $1,260 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,574
Downpayment
20%
$93,880
Closing costs
1%
$4,694
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$3,817
Mortgage P&I
99%
$2,530
Property Taxes
18%
$457
Home Insurance
6%
$165
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0