This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $99,393 initial cash invested.
-17.34%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$2,200
Rent
-$1,436
Cashflow
Cash Flow
$2,200 income − $3,636 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,393
Downpayment
20%
$94,660
Closing costs
1%
$4,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,200
Total Expenses
$3,636
Mortgage P&I
116%
$2,555
Property Taxes
16%
$341
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0