This property looks like a bad Long-Term investment with a projected -14% first-year return on $99,750 initial cash invested.
-14%
Cash On Cash
4.05%
Cap Rate
0.61
DSCR
$3,025
Rent
-$1,164
Cashflow
Cash Flow
$3,025 income − $4,189 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,025
Total Expenses
$4,189
Mortgage P&I
87%
$2,618
Property Taxes
20%
$619
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0