This property looks like a bad Long-Term investment with a projected -13% first-year return on $99,750 initial cash invested.
-13%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$2,284
Rent
-$1,081
Cashflow
Cash Flow
$2,284 income − $3,365 expenses = $1,081 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
$2,284
Total Expenses
$3,365
Mortgage P&I
106%
$2,423
Property Taxes
7%
$158
Home Insurance
7%
$166
HOA
1%
$25
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0