This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $100k initial cash invested.
-15.98%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,503
Rent
-$1,332
Cashflow
Cash Flow
$2,503 income − $3,835 expenses = $1,332 out of pocket
Investment Breakdown
|
Purchase Price
$476k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,260
Closing costs
1%
$4,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$3,835
Mortgage P&I
103%
$2,569
Property Taxes
18%
$448
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0