This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $101k initial cash invested.
-8.54%
Cash On Cash
5.06%
Cap Rate
0.79
DSCR
$3,459
Rent
-$718
Cashflow
Cash Flow
$3,459 income − $4,177 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,459
Total Expenses
$4,177
Mortgage P&I
74%
$2,571
Property Taxes
15%
$534
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0