This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $102k initial cash invested.
-6.51%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$3,403
Rent
-$551
Cashflow
Cash Flow
$3,403 income − $3,954 expenses = $551 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,700
Closing costs
1%
$4,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,403
Total Expenses
$3,954
Mortgage P&I
72%
$2,463
Property Taxes
13%
$435
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0