This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $100k initial cash invested.
-13.76%
Cash On Cash
4.2%
Cap Rate
0.62
DSCR
$2,640
Rent
-$1,147
Cashflow
Cash Flow
$2,640 income − $3,787 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,300
Closing costs
1%
$4,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$3,787
Mortgage P&I
102%
$2,682
Property Taxes
10%
$251
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0