This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $99,750 initial cash invested.
-11.8%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$2,759
Rent
-$981
Cashflow
Cash Flow
$2,759 income − $3,740 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,750
Downpayment
20%
$95,000
Closing costs
1%
$4,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,759
Total Expenses
$3,740
Mortgage P&I
88%
$2,418
Property Taxes
16%
$438
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0