This property looks like a bad Long-Term investment with a projected -9.11% first-year return on $101k initial cash invested.
-9.11%
Cash On Cash
4.69%
Cap Rate
0.76
DSCR
$3,680
Rent
-$770
Cashflow
Cash Flow
$3,680 income − $4,450 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,680
Total Expenses
$4,450
Mortgage P&I
67%
$2,473
Property Taxes
23%
$845
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0