This property looks like a bad Long-Term investment with a projected -20.13% first-year return on $101k initial cash invested.
-20.13%
Cash On Cash
2.75%
Cap Rate
0.41
DSCR
$2,508
Rent
-$1,687
Cashflow
Cash Flow
$2,508 income − $4,195 expenses = $1,687 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,508
Total Expenses
$4,195
Mortgage P&I
106%
$2,660
Property Taxes
26%
$641
Home Insurance
7%
$168
HOA
3%
$75
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0