This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $101k initial cash invested.
-11.88%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$2,591
Rent
-$998
Cashflow
Cash Flow
$2,591 income − $3,589 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,591
Total Expenses
$3,589
Mortgage P&I
94%
$2,426
Property Taxes
12%
$321
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0