This property looks like a bad Long-Term investment with a projected -22.95% first-year return on $100k initial cash invested.
-22.95%
Cash On Cash
2.01%
Cap Rate
0.3
DSCR
$1,731
Rent
-$1,922
Cashflow
Cash Flow
$1,731 income − $3,653 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,700
Closing costs
1%
$4,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,731
Total Expenses
$3,653
Mortgage P&I
152%
$2,637
Property Taxes
23%
$392
Home Insurance
10%
$173
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0