This property looks like a bad Long-Term investment with a projected -5.29% first-year return on $101k initial cash invested.
-5.29%
Cash On Cash
5.32%
Cap Rate
0.88
DSCR
$3,338
Rent
-$445
Cashflow
Cash Flow
$3,338 income − $3,783 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,120
Closing costs
1%
$4,806
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,338
Total Expenses
$3,783
Mortgage P&I
72%
$2,407
Property Taxes
10%
$330
Home Insurance
5%
$178
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0