This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $101k initial cash invested.
-13.95%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$3,196
Rent
-$1,169
Cashflow
Cash Flow
$3,196 income − $4,365 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,760
Closing costs
1%
$4,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,196
Total Expenses
$4,365
Mortgage P&I
83%
$2,637
Property Taxes
23%
$725
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0