This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $101k initial cash invested.
-12.45%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$2,310
Rent
-$1,044
Cashflow
Cash Flow
$2,310 income − $3,354 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,840
Closing costs
1%
$4,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$3,354
Mortgage P&I
106%
$2,437
Property Taxes
4%
$103
Home Insurance
7%
$172
HOA
2%
$40
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0