This property looks like a bad Long-Term investment with a projected -11.54% first-year return on $101k initial cash invested.
-11.54%
Cash On Cash
3.98%
Cap Rate
0.66
DSCR
$2,691
Rent
-$967
Cashflow
Cash Flow
$2,691 income − $3,658 expenses = $967 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%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,691
Total Expenses
$3,658
Mortgage P&I
90%
$2,421
Property Taxes
14%
$367
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$161
Maintenance
5%
$135
Other
0%
$0