This property looks like a bad Long-Term investment with a projected -6.85% first-year return on $99,729 initial cash invested.
-6.85%
Cash On Cash
5.07%
Cap Rate
0.83
DSCR
$3,170
Rent
-$569
Cashflow
Cash Flow
$3,170 income − $3,739 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,729
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,170
Total Expenses
$3,739
Mortgage P&I
76%
$2,416
Property Taxes
11%
$334
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0