This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $99,729 initial cash invested.
-14.34%
Cash On Cash
3.68%
Cap Rate
0.58
DSCR
$2,308
Rent
-$1,192
Cashflow
Cash Flow
$2,308 income − $3,500 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,729
Downpayment
20%
$94,980
Closing costs
1%
$4,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,308
Total Expenses
$3,500
Mortgage P&I
110%
$2,535
Property Taxes
8%
$194
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0