This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $101k initial cash invested.
-12.28%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$2,669
Rent
-$1,029
Cashflow
Cash Flow
$2,669 income − $3,698 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,669
Total Expenses
$3,698
Mortgage P&I
98%
$2,614
Property Taxes
8%
$223
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0