This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $99,729 initial cash invested.
-16.48%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,637
Rent
-$1,370
Cashflow
Cash Flow
$2,637 income − $4,007 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,729
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$4,007
Mortgage P&I
100%
$2,624
Property Taxes
20%
$531
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0