This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $101k initial cash invested.
-13.59%
Cash On Cash
4.26%
Cap Rate
0.63
DSCR
$2,822
Rent
-$1,142
Cashflow
Cash Flow
$2,822 income − $3,964 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,060
Closing costs
1%
$4,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,822
Total Expenses
$3,964
Mortgage P&I
96%
$2,708
Property Taxes
13%
$355
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0