This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $100k initial cash invested.
-23.97%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$1,837
Rent
-$2,007
Cashflow
Cash Flow
$1,837 income − $3,844 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,700
Closing costs
1%
$4,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,837
Total Expenses
$3,844
Mortgage P&I
141%
$2,589
Property Taxes
33%
$602
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0