This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $101k initial cash invested.
-11.79%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,385
Rent
-$988
Cashflow
Cash Flow
$2,385 income − $3,373 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,385
Total Expenses
$3,373
Mortgage P&I
102%
$2,441
Property Taxes
6%
$145
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0