This property looks like a bad Long-Term investment with a projected -5.4% first-year return on $101k initial cash invested.
-5.4%
Cash On Cash
5.56%
Cap Rate
0.89
DSCR
$3,602
Rent
-$456
Cashflow
Cash Flow
$3,602 income − $4,058 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,580
Closing costs
1%
$4,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,602
Total Expenses
$4,058
Mortgage P&I
70%
$2,512
Property Taxes
7%
$235
Home Insurance
5%
$175
HOA
6%
$200
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0