This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $101k initial cash invested.
-10.9%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$3,289
Rent
-$914
Cashflow
Cash Flow
$3,289 income − $4,203 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,289
Total Expenses
$4,203
Mortgage P&I
78%
$2,549
Property Taxes
13%
$415
Home Insurance
6%
$186
HOA
6%
$199
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0