This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $99,750 initial cash invested.
-14.21%
Cash On Cash
3.64%
Cap Rate
0.58
DSCR
$2,511
Rent
-$1,181
Cashflow
Cash Flow
$2,511 income − $3,692 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,750
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,511
Total Expenses
$3,692
Mortgage P&I
99%
$2,496
Property Taxes
15%
$376
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0