This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $100k initial cash invested.
-17.8%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,417
Rent
-$1,486
Cashflow
Cash Flow
$2,417 income − $3,903 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,400
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,417
Total Expenses
$3,903
Mortgage P&I
108%
$2,615
Property Taxes
20%
$489
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0