This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $101k initial cash invested.
-13.97%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$2,915
Rent
-$1,171
Cashflow
Cash Flow
$2,915 income − $4,086 expenses = $1,171 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%
$95,820
Closing costs
1%
$4,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,915
Total Expenses
$4,086
Mortgage P&I
88%
$2,564
Property Taxes
20%
$597
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0