This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $99,750 initial cash invested.
-13.98%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,233
Rent
-$1,162
Cashflow
Cash Flow
$2,233 income − $3,395 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,233
Total Expenses
$3,395
Mortgage P&I
115%
$2,560
Property Taxes
4%
$88
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0