This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $100k initial cash invested.
-8.33%
Cash On Cash
4.74%
Cap Rate
0.78
DSCR
$2,970
Rent
-$696
Cashflow
Cash Flow
$2,970 income − $3,666 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,520
Closing costs
1%
$4,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,970
Total Expenses
$3,666
Mortgage P&I
82%
$2,436
Property Taxes
10%
$302
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0