This property looks like a bad Long-Term investment with a projected -13.38% first-year return on $100k initial cash invested.
-13.38%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$2,499
Rent
-$1,117
Cashflow
Cash Flow
$2,499 income − $3,616 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,420
Closing costs
1%
$4,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,499
Total Expenses
$3,616
Mortgage P&I
97%
$2,420
Property Taxes
15%
$378
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0