This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $101k initial cash invested.
-8.49%
Cash On Cash
4.72%
Cap Rate
0.77
DSCR
$3,138
Rent
-$713
Cashflow
Cash Flow
$3,138 income − $3,851 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,138
Total Expenses
$3,851
Mortgage P&I
78%
$2,443
Property Taxes
14%
$424
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0