This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $99,750 initial cash invested.
-19.84%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$2,444
Rent
-$1,649
Cashflow
Cash Flow
$2,444 income − $4,093 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,444
Total Expenses
$4,093
Mortgage P&I
99%
$2,427
Property Taxes
34%
$841
Home Insurance
7%
$170
HOA
1%
$20
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0