This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $101k initial cash invested.
-12.55%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$3,180
Rent
-$1,054
Cashflow
Cash Flow
$3,180 income − $4,234 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,180
Total Expenses
$4,234
Mortgage P&I
82%
$2,614
Property Taxes
20%
$625
Home Insurance
5%
$168
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0