This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $101k initial cash invested.
-9.2%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$3,102
Rent
-$772
Cashflow
Cash Flow
$3,102 income − $3,874 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,940
Closing costs
1%
$4,797
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,102
Total Expenses
$3,874
Mortgage P&I
82%
$2,552
Property Taxes
11%
$327
Home Insurance
6%
$189
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0