This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $101k initial cash invested.
-13.23%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$2,761
Rent
-$1,109
Cashflow
Cash Flow
$2,761 income − $3,870 expenses = $1,109 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,761
Total Expenses
$3,870
Mortgage P&I
91%
$2,520
Property Taxes
17%
$464
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0