This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $100k initial cash invested.
-18.35%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$2,199
Rent
-$1,533
Cashflow
Cash Flow
$2,199 income − $3,732 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,480
Closing costs
1%
$4,774
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$3,732
Mortgage P&I
120%
$2,635
Property Taxes
15%
$322
Home Insurance
8%
$172
HOA
1%
$31
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0