This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $100k initial cash invested.
-16.94%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$2,409
Rent
-$1,416
Cashflow
Cash Flow
$2,409 income − $3,825 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,555
Closing costs
1%
$4,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,409
Total Expenses
$3,825
Mortgage P&I
107%
$2,586
Property Taxes
19%
$446
Home Insurance
7%
$167
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0