This property looks like a bad Long-Term investment with a projected -6.58% first-year return on $101k initial cash invested.
-6.58%
Cash On Cash
5.54%
Cap Rate
0.85
DSCR
$3,509
Rent
-$552
Cashflow
Cash Flow
$3,509 income − $4,061 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,509
Total Expenses
$4,061
Mortgage P&I
74%
$2,588
Property Taxes
11%
$391
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$211
Maintenance
5%
$175
Other
0%
$0