This property looks like a bad Long-Term investment with a projected -15.33% first-year return on $101k initial cash invested.
-15.33%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$3,090
Rent
-$1,296
Cashflow
Cash Flow
$3,090 income − $4,386 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,640
Closing costs
1%
$4,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,090
Total Expenses
$4,386
Mortgage P&I
85%
$2,630
Property Taxes
23%
$717
Home Insurance
6%
$174
HOA
2%
$63
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0