This property looks like a bad Long-Term investment with a projected -19.15% first-year return on $100k initial cash invested.
-19.15%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,222
Rent
-$1,599
Cashflow
Cash Flow
$2,222 income − $3,821 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,440
Closing costs
1%
$4,772
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,222
Total Expenses
$3,821
Mortgage P&I
118%
$2,616
Property Taxes
21%
$470
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0