This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $101k initial cash invested.
-14.12%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$3,006
Rent
-$1,189
Cashflow
Cash Flow
$3,006 income − $4,195 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,240
Closing costs
1%
$4,812
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,006
Total Expenses
$4,195
Mortgage P&I
90%
$2,691
Property Taxes
18%
$550
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0