This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $101k initial cash invested.
-8.16%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$3,344
Rent
-$685
Cashflow
Cash Flow
$3,344 income − $4,029 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,960
Closing costs
1%
$4,798
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,344
Total Expenses
$4,029
Mortgage P&I
79%
$2,630
Property Taxes
11%
$372
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0