This property looks like a bad Long-Term investment with a projected -16% first-year return on $98,910 initial cash invested.
-16%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$2,418
Rent
-$1,319
Cashflow
Cash Flow
$2,418 income − $3,737 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,910
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,418
Total Expenses
$3,737
Mortgage P&I
104%
$2,503
Property Taxes
18%
$440
Home Insurance
7%
$165
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0