This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $101k initial cash invested.
-13.89%
Cash On Cash
3.64%
Cap Rate
0.58
DSCR
$2,559
Rent
-$1,165
Cashflow
Cash Flow
$2,559 income − $3,724 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,559
Total Expenses
$3,724
Mortgage P&I
97%
$2,489
Property Taxes
16%
$401
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0