This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $101k initial cash invested.
-12.86%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$2,750
Rent
-$1,078
Cashflow
Cash Flow
$2,750 income − $3,828 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,750
Total Expenses
$3,828
Mortgage P&I
95%
$2,614
Property Taxes
12%
$330
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0