This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $99,750 initial cash invested.
-15.24%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$2,688
Rent
-$1,267
Cashflow
Cash Flow
$2,688 income − $3,955 expenses = $1,267 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,750
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,688
Total Expenses
$3,955
Mortgage P&I
94%
$2,538
Property Taxes
21%
$553
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0