This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $99,855 initial cash invested.
-13.39%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$2,421
Rent
-$1,114
Cashflow
Cash Flow
$2,421 income − $3,535 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,855
Downpayment
20%
$95,100
Closing costs
1%
$4,755
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,421
Total Expenses
$3,535
Mortgage P&I
105%
$2,531
Property Taxes
6%
$155
Home Insurance
7%
$175
HOA
2%
$45
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0