This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $100k initial cash invested.
-14.12%
Cash On Cash
3.72%
Cap Rate
0.59
DSCR
$2,744
Rent
-$1,181
Cashflow
Cash Flow
$2,744 income − $3,925 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,560
Closing costs
1%
$4,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,744
Total Expenses
$3,925
Mortgage P&I
92%
$2,527
Property Taxes
18%
$499
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0