This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $100k initial cash invested.
-15.53%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$3,073
Rent
-$1,296
Cashflow
Cash Flow
$3,073 income − $4,369 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,380
Closing costs
1%
$4,769
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,073
Total Expenses
$4,369
Mortgage P&I
83%
$2,538
Property Taxes
28%
$857
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0