This property looks like a bad Long-Term investment with a projected -18.59% first-year return on $101k initial cash invested.
-18.59%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$2,455
Rent
-$1,558
Cashflow
Cash Flow
$2,455 income − $4,013 expenses = $1,558 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,455
Total Expenses
$4,013
Mortgage P&I
105%
$2,570
Property Taxes
26%
$629
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0