This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $100k initial cash invested.
-16.25%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,567
Rent
-$1,360
Cashflow
Cash Flow
$2,567 income − $3,927 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,620
Closing costs
1%
$4,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$3,927
Mortgage P&I
102%
$2,621
Property Taxes
18%
$469
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0