This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $101k initial cash invested.
-13.87%
Cash On Cash
3.87%
Cap Rate
0.61
DSCR
$3,861
Rent
-$1,166
Cashflow
Cash Flow
$3,861 income − $5,027 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,080
Closing costs
1%
$4,804
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,861
Total Expenses
$5,027
Mortgage P&I
65%
$2,524
Property Taxes
12%
$476
Home Insurance
5%
$209
HOA
21%
$814
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0