This property looks like a bad Long-Term investment with a projected -3.22% first-year return on $100k initial cash invested.
-3.22%
Cash On Cash
6.26%
Cap Rate
0.97
DSCR
$3,884
Rent
-$269
Cashflow
Cash Flow
$3,884 income − $4,153 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,884
Total Expenses
$4,153
Mortgage P&I
66%
$2,568
Property Taxes
10%
$401
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0