This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $101k initial cash invested.
-13.61%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,484
Rent
-$1,141
Cashflow
Cash Flow
$2,484 income − $3,625 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,484
Total Expenses
$3,625
Mortgage P&I
105%
$2,611
Property Taxes
7%
$186
Home Insurance
7%
$175
HOA
0%
$8
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0