This property looks like a bad Long-Term investment with a projected -15.46% first-year return on $100k initial cash invested.
-15.46%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,308
Rent
-$1,288
Cashflow
Cash Flow
$2,308 income − $3,596 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,240
Closing costs
1%
$4,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,308
Total Expenses
$3,596
Mortgage P&I
112%
$2,589
Property Taxes
10%
$233
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0