This property looks like a bad Long-Term investment with a projected -12.25% first-year return on $99,834 initial cash invested.
-12.25%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$2,930
Rent
-$1,019
Cashflow
Cash Flow
$2,930 income − $3,949 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,834
Downpayment
20%
$95,080
Closing costs
1%
$4,754
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,930
Total Expenses
$3,949
Mortgage P&I
84%
$2,475
Property Taxes
18%
$538
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0