This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $99,708 initial cash invested.
-10.23%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$2,804
Rent
-$850
Cashflow
Cash Flow
$2,804 income − $3,654 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,708
Downpayment
20%
$94,960
Closing costs
1%
$4,748
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$3,654
Mortgage P&I
91%
$2,551
Property Taxes
6%
$169
Home Insurance
6%
$166
HOA
1%
$40
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0