This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $100k initial cash invested.
-14.24%
Cash On Cash
3.45%
Cap Rate
0.56
DSCR
$2,555
Rent
-$1,188
Cashflow
Cash Flow
$2,555 income − $3,743 expenses = $1,188 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,320
Closing costs
1%
$4,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,555
Total Expenses
$3,743
Mortgage P&I
95%
$2,430
Property Taxes
19%
$481
Home Insurance
7%
$167
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0