This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $100k initial cash invested.
-10.07%
Cash On Cash
4.39%
Cap Rate
0.72
DSCR
$3,114
Rent
-$841
Cashflow
Cash Flow
$3,114 income − $3,955 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,420
Closing costs
1%
$4,771
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,114
Total Expenses
$3,955
Mortgage P&I
78%
$2,429
Property Taxes
18%
$558
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0