This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $100k initial cash invested.
-10.71%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$2,677
Rent
-$895
Cashflow
Cash Flow
$2,677 income − $3,572 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,677
Total Expenses
$3,572
Mortgage P&I
96%
$2,569
Property Taxes
5%
$133
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0