This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $100k initial cash invested.
-16.19%
Cash On Cash
3.69%
Cap Rate
0.54
DSCR
$2,393
Rent
-$1,355
Cashflow
Cash Flow
$2,393 income − $3,748 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,640
Closing costs
1%
$4,782
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,393
Total Expenses
$3,748
Mortgage P&I
113%
$2,707
Property Taxes
10%
$243
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0