This property looks like a bad Long-Term investment with a projected -11.24% first-year return on $101k initial cash invested.
-11.24%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$3,053
Rent
-$945
Cashflow
Cash Flow
$3,053 income − $3,998 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,053
Total Expenses
$3,998
Mortgage P&I
85%
$2,590
Property Taxes
15%
$450
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0