This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $100k initial cash invested.
-11.73%
Cash On Cash
4.06%
Cap Rate
0.66
DSCR
$2,822
Rent
-$981
Cashflow
Cash Flow
$2,822 income − $3,803 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$478k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$95,580
Closing costs
1%
$4,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,822
Total Expenses
$3,803
Mortgage P&I
87%
$2,457
Property Taxes
10%
$292
Home Insurance
11%
$304
HOA
1%
$17
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0