This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $101k initial cash invested.
-8.7%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$2,706
Rent
-$729
Cashflow
Cash Flow
$2,706 income − $3,435 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,706
Total Expenses
$3,435
Mortgage P&I
92%
$2,482
Property Taxes
3%
$82
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0