This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $100k initial cash invested.
-17.47%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,644
Rent
-$1,459
Cashflow
Cash Flow
$2,644 income − $4,103 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,460
Closing costs
1%
$4,773
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$4,103
Mortgage P&I
97%
$2,574
Property Taxes
16%
$427
Home Insurance
6%
$168
HOA
9%
$247
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0