This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $101k initial cash invested.
-12.24%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$3,043
Rent
-$1,026
Cashflow
Cash Flow
$3,043 income − $4,069 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,043
Total Expenses
$4,069
Mortgage P&I
82%
$2,481
Property Taxes
21%
$629
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0