This property looks like a bad Long-Term investment with a projected -19.25% first-year return on $99,750 initial cash invested.
-19.25%
Cash On Cash
2.51%
Cap Rate
0.4
DSCR
$2,249
Rent
-$1,600
Cashflow
Cash Flow
$2,249 income − $3,849 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,249
Total Expenses
$3,849
Mortgage P&I
110%
$2,480
Property Taxes
28%
$619
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0