This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $100k initial cash invested.
-19.33%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$2,665
Rent
-$1,612
Cashflow
Cash Flow
$2,665 income − $4,277 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,320
Closing costs
1%
$4,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,665
Total Expenses
$4,277
Mortgage P&I
100%
$2,666
Property Taxes
28%
$747
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0