This property looks like a bad Long-Term investment with a projected -24.41% first-year return on $100k initial cash invested.
-24.41%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$1,670
Rent
-$2,037
Cashflow
Cash Flow
$1,670 income − $3,707 expenses = $2,037 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,360
Closing costs
1%
$4,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,670
Total Expenses
$3,707
Mortgage P&I
150%
$2,505
Property Taxes
20%
$329
Home Insurance
26%
$438
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0