This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $101k initial cash invested.
-12.74%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$2,567
Rent
-$1,068
Cashflow
Cash Flow
$2,567 income − $3,635 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,780
Closing costs
1%
$4,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$3,635
Mortgage P&I
97%
$2,487
Property Taxes
12%
$309
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0