This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $100k initial cash invested.
-12.97%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$2,637
Rent
-$1,085
Cashflow
Cash Flow
$2,637 income − $3,722 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,637
Total Expenses
$3,722
Mortgage P&I
98%
$2,596
Property Taxes
10%
$270
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0