This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $99,687 initial cash invested.
-11.77%
Cash On Cash
3.95%
Cap Rate
0.65
DSCR
$2,622
Rent
-$978
Cashflow
Cash Flow
$2,622 income − $3,600 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,687
Downpayment
20%
$94,940
Closing costs
1%
$4,747
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,622
Total Expenses
$3,600
Mortgage P&I
92%
$2,411
Property Taxes
12%
$316
Home Insurance
7%
$175
HOA
1%
$17
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0