This property looks like a bad Long-Term investment with a projected -21.63% first-year return on $99,750 initial cash invested.
-21.63%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$1,176
Rent
-$1,798
Cashflow
Cash Flow
$1,176 income − $2,974 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,750
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,176
Total Expenses
$2,974
Mortgage P&I
209%
$2,454
Property Taxes
4%
$47
Home Insurance
14%
$166
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0