This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $101k initial cash invested.
-11.73%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,642
Rent
-$983
Cashflow
Cash Flow
$2,642 income − $3,625 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,642
Total Expenses
$3,625
Mortgage P&I
93%
$2,460
Property Taxes
12%
$310
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0