This property looks like a bad Long-Term investment with a projected -17.07% first-year return on $100k initial cash invested.
-17.07%
Cash On Cash
2.92%
Cap Rate
0.47
DSCR
$2,414
Rent
-$1,424
Cashflow
Cash Flow
$2,414 income − $3,838 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,360
Closing costs
1%
$4,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,414
Total Expenses
$3,838
Mortgage P&I
102%
$2,463
Property Taxes
24%
$569
Home Insurance
7%
$168
HOA
0%
$10
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0