This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $99,939 initial cash invested.
-10.76%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$2,557
Rent
-$896
Cashflow
Cash Flow
$2,557 income − $3,453 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,939
Downpayment
20%
$95,180
Closing costs
1%
$4,759
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$3,453
Mortgage P&I
96%
$2,452
Property Taxes
7%
$169
Home Insurance
7%
$167
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0