This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $101k initial cash invested.
-15.5%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$1,953
Rent
-$1,302
Cashflow
Cash Flow
$1,953 income − $3,255 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,953
Total Expenses
$3,255
Mortgage P&I
124%
$2,425
Property Taxes
8%
$154
Home Insurance
9%
$168
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0