This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $100k initial cash invested.
-8.72%
Cash On Cash
4.79%
Cap Rate
0.77
DSCR
$3,462
Rent
-$729
Cashflow
Cash Flow
$3,462 income − $4,191 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,520
Closing costs
1%
$4,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,462
Total Expenses
$4,191
Mortgage P&I
71%
$2,461
Property Taxes
19%
$655
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0