This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $100k initial cash invested.
-10.8%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$2,897
Rent
-$902
Cashflow
Cash Flow
$2,897 income − $3,799 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,420
Closing costs
1%
$4,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$3,799
Mortgage P&I
90%
$2,598
Property Taxes
8%
$227
Home Insurance
6%
$175
HOA
2%
$45
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0