This property looks like a bad Long-Term investment with a projected -19.74% first-year return on $101k initial cash invested.
-19.74%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$1,628
Rent
-$1,655
Cashflow
Cash Flow
$1,628 income − $3,283 expenses = $1,655 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,628
Total Expenses
$3,283
Mortgage P&I
152%
$2,469
Property Taxes
14%
$223
Home Insurance
10%
$168
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0