This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $101k initial cash invested.
-10.28%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$2,683
Rent
-$866
Cashflow
Cash Flow
$2,683 income − $3,549 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,320
Closing costs
1%
$4,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,683
Total Expenses
$3,549
Mortgage P&I
95%
$2,557
Property Taxes
4%
$120
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0