This property looks like a bad Long-Term investment with a projected -15.89% first-year return on $100k initial cash invested.
-15.89%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$2,034
Rent
-$1,326
Cashflow
Cash Flow
$2,034 income − $3,360 expenses = $1,326 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,340
Closing costs
1%
$4,767
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$3,360
Mortgage P&I
123%
$2,507
Property Taxes
7%
$149
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0