This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $100k initial cash invested.
-16.63%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$2,288
Rent
-$1,392
Cashflow
Cash Flow
$2,288 income − $3,680 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,640
Closing costs
1%
$4,782
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,288
Total Expenses
$3,680
Mortgage P&I
109%
$2,496
Property Taxes
18%
$417
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0