This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $101k initial cash invested.
-13.45%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,629
Rent
-$1,137
Cashflow
Cash Flow
$2,629 income − $3,766 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,620
Closing costs
1%
$4,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$3,766
Mortgage P&I
99%
$2,603
Property Taxes
12%
$307
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0