This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $100k initial cash invested.
-13.46%
Cash On Cash
3.55%
Cap Rate
0.59
DSCR
$2,720
Rent
-$1,122
Cashflow
Cash Flow
$2,720 income − $3,842 expenses = $1,122 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,260
Closing costs
1%
$4,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$3,842
Mortgage P&I
88%
$2,396
Property Taxes
21%
$567
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0