This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $100k initial cash invested.
-14.63%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$2,592
Rent
-$1,220
Cashflow
Cash Flow
$2,592 income − $3,812 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$477k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,300
Closing costs
1%
$4,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$3,812
Mortgage P&I
100%
$2,585
Property Taxes
15%
$384
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0