This property looks like a bad Long-Term investment with a projected -14.72% first-year return on $99,750 initial cash invested.
-14.72%
Cash On Cash
3.37%
Cap Rate
0.54
DSCR
$2,007
Rent
-$1,224
Cashflow
Cash Flow
$2,007 income − $3,231 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,007
Total Expenses
$3,231
Mortgage P&I
123%
$2,459
Property Taxes
4%
$85
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0