This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $101k initial cash invested.
-11.65%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,620
Rent
-$978
Cashflow
Cash Flow
$2,620 income − $3,598 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,620
Total Expenses
$3,598
Mortgage P&I
100%
$2,619
Property Taxes
5%
$130
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0