This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $101k initial cash invested.
-10.85%
Cash On Cash
4.3%
Cap Rate
0.69
DSCR
$2,891
Rent
-$913
Cashflow
Cash Flow
$2,891 income − $3,804 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,140
Closing costs
1%
$4,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,891
Total Expenses
$3,804
Mortgage P&I
86%
$2,492
Property Taxes
14%
$392
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$173
Maintenance
5%
$145
Other
0%
$0