This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $101k initial cash invested.
-10.65%
Cash On Cash
4.34%
Cap Rate
0.7
DSCR
$3,122
Rent
-$896
Cashflow
Cash Flow
$3,122 income − $4,018 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,122
Total Expenses
$4,018
Mortgage P&I
79%
$2,479
Property Taxes
18%
$558
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0