This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $101k initial cash invested.
-17.2%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,087
Rent
-$1,452
Cashflow
Cash Flow
$2,087 income − $3,539 expenses = $1,452 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,460
Closing costs
1%
$4,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$3,539
Mortgage P&I
126%
$2,628
Property Taxes
9%
$194
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0