This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $102k initial cash invested.
-11.51%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$3,133
Rent
-$975
Cashflow
Cash Flow
$3,133 income − $4,108 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,840
Closing costs
1%
$4,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,133
Total Expenses
$4,108
Mortgage P&I
85%
$2,650
Property Taxes
15%
$471
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0