This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $100k initial cash invested.
-20.72%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$2,505
Rent
-$1,731
Cashflow
Cash Flow
$2,505 income − $4,236 expenses = $1,731 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,460
Closing costs
1%
$4,773
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,505
Total Expenses
$4,236
Mortgage P&I
102%
$2,545
Property Taxes
34%
$850
Home Insurance
7%
$171
HOA
1%
$20
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0