This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $100k initial cash invested.
-13.58%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$2,879
Rent
-$1,135
Cashflow
Cash Flow
$2,879 income − $4,014 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,540
Closing costs
1%
$4,777
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,879
Total Expenses
$4,014
Mortgage P&I
91%
$2,633
Property Taxes
16%
$448
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0