This property looks like a bad Long-Term investment with a projected -18.29% first-year return on $100k initial cash invested.
-18.29%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$2,565
Rent
-$1,531
Cashflow
Cash Flow
$2,565 income − $4,096 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,680
Closing costs
1%
$4,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,565
Total Expenses
$4,096
Mortgage P&I
99%
$2,549
Property Taxes
28%
$709
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0