This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $101k initial cash invested.
-7.09%
Cash On Cash
5.16%
Cap Rate
0.83
DSCR
$3,305
Rent
-$594
Cashflow
Cash Flow
$3,305 income − $3,899 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,305
Total Expenses
$3,899
Mortgage P&I
75%
$2,487
Property Taxes
12%
$405
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0