This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $101k initial cash invested.
-6.38%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$3,358
Rent
-$539
Cashflow
Cash Flow
$3,358 income − $3,897 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,480
Closing costs
1%
$4,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,358
Total Expenses
$3,897
Mortgage P&I
78%
$2,625
Property Taxes
6%
$207
Home Insurance
5%
$175
HOA
1%
$17
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0