This property looks like a bad Long-Term investment with a projected -23.8% first-year return on $99,750 initial cash invested.
-23.8%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$1,404
Rent
-$1,978
Cashflow
Cash Flow
$1,404 income − $3,382 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,404
Total Expenses
$3,382
Mortgage P&I
172%
$2,420
Property Taxes
31%
$432
Home Insurance
12%
$166
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0