This property looks like a bad Long-Term investment with a projected -3.22% first-year return on $101k initial cash invested.
-3.22%
Cash On Cash
5.8%
Cap Rate
0.96
DSCR
$3,430
Rent
-$270
Cashflow
Cash Flow
$3,430 income − $3,700 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,430
Total Expenses
$3,700
Mortgage P&I
70%
$2,413
Property Taxes
6%
$191
Home Insurance
6%
$203
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0