This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $99,666 initial cash invested.
-19.93%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$2,205
Rent
-$1,655
Cashflow
Cash Flow
$2,205 income − $3,860 expenses = $1,655 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,666
Downpayment
20%
$94,920
Closing costs
1%
$4,746
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$3,860
Mortgage P&I
117%
$2,576
Property Taxes
25%
$558
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0