This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $101k initial cash invested.
-6.12%
Cash On Cash
5.26%
Cap Rate
0.87
DSCR
$3,755
Rent
-$517
Cashflow
Cash Flow
$3,755 income − $4,272 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,755
Total Expenses
$4,272
Mortgage P&I
65%
$2,446
Property Taxes
15%
$563
Home Insurance
5%
$171
HOA
3%
$115
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0