This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $101k initial cash invested.
-10.34%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$3,010
Rent
-$870
Cashflow
Cash Flow
$3,010 income − $3,880 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,160
Closing costs
1%
$4,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,010
Total Expenses
$3,880
Mortgage P&I
82%
$2,468
Property Taxes
15%
$460
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0