This property looks like a bad Long-Term investment with a projected -6.14% first-year return on $100k initial cash invested.
-6.14%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$3,470
Rent
-$514
Cashflow
Cash Flow
$3,470 income − $3,984 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,680
Closing costs
1%
$4,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,470
Total Expenses
$3,984
Mortgage P&I
76%
$2,632
Property Taxes
8%
$277
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0