This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $100k initial cash invested.
-11.26%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,725
Rent
-$940
Cashflow
Cash Flow
$2,725 income − $3,665 expenses = $940 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,397
Closing costs
1%
$4,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,725
Total Expenses
$3,665
Mortgage P&I
95%
$2,591
Property Taxes
7%
$199
Home Insurance
6%
$167
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0