This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $101k initial cash invested.
-10.83%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$2,912
Rent
-$908
Cashflow
Cash Flow
$2,912 income − $3,820 expenses = $908 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
$2,912
Total Expenses
$3,820
Mortgage P&I
89%
$2,599
Property Taxes
10%
$302
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0