This property looks like a bad Long-Term investment with a projected -21.79% first-year return on $99,750 initial cash invested.
-21.79%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$1,104
Rent
-$1,811
Cashflow
Cash Flow
$1,104 income − $2,915 expenses = $1,811 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,104
Total Expenses
$2,915
Mortgage P&I
220%
$2,433
Property Taxes
3%
$30
Home Insurance
15%
$166
HOA
0%
$0
Property Management
10%
$110
CapEx
5%
$55
Vacancy
6%
$66
Maintenance
5%
$55
Other
0%
$0