This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $99,645 initial cash invested.
-8.3%
Cash On Cash
5.29%
Cap Rate
0.8
DSCR
$3,099
Rent
-$689
Cashflow
Cash Flow
$3,099 income − $3,788 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,645
Downpayment
20%
$94,900
Closing costs
1%
$4,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,099
Total Expenses
$3,788
Mortgage P&I
85%
$2,626
Property Taxes
6%
$195
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0