This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $100k initial cash invested.
-15.36%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,557
Rent
-$1,285
Cashflow
Cash Flow
$2,557 income − $3,842 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,620
Closing costs
1%
$4,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$3,842
Mortgage P&I
102%
$2,603
Property Taxes
15%
$390
Home Insurance
7%
$184
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0