This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $101k initial cash invested.
-10.94%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$3,031
Rent
-$921
Cashflow
Cash Flow
$3,031 income − $3,952 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,031
Total Expenses
$3,952
Mortgage P&I
81%
$2,441
Property Taxes
16%
$486
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0