This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $101k initial cash invested.
-11.12%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$3,248
Rent
-$934
Cashflow
Cash Flow
$3,248 income − $4,182 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,960
Closing costs
1%
$4,798
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,248
Total Expenses
$4,182
Mortgage P&I
81%
$2,629
Property Taxes
16%
$535
Home Insurance
5%
$174
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0