This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $101k initial cash invested.
-15.77%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$2,822
Rent
-$1,322
Cashflow
Cash Flow
$2,822 income − $4,144 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,822
Total Expenses
$4,144
Mortgage P&I
91%
$2,581
Property Taxes
16%
$455
Home Insurance
6%
$175
HOA
7%
$200
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0