This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $101k initial cash invested.
-8.01%
Cash On Cash
4.83%
Cap Rate
0.79
DSCR
$3,085
Rent
-$673
Cashflow
Cash Flow
$3,085 income − $3,758 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,080
Closing costs
1%
$4,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,085
Total Expenses
$3,758
Mortgage P&I
79%
$2,452
Property Taxes
11%
$335
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0