This property looks like a bad Long-Term investment with a projected -8.27% first-year return on $101k initial cash invested.
-8.27%
Cash On Cash
5.1%
Cap Rate
0.8
DSCR
$3,866
Rent
-$696
Cashflow
Cash Flow
$3,866 income − $4,562 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,200
Closing costs
1%
$4,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,866
Total Expenses
$4,562
Mortgage P&I
66%
$2,547
Property Taxes
20%
$777
Home Insurance
4%
$158
HOA
2%
$75
Property Management
10%
$387
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0