This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $101k initial cash invested.
-11.32%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$3,063
Rent
-$951
Cashflow
Cash Flow
$3,063 income − $4,014 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$4,014
Mortgage P&I
85%
$2,602
Property Taxes
15%
$448
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0