This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $101k initial cash invested.
-14.96%
Cash On Cash
3.53%
Cap Rate
0.56
DSCR
$2,563
Rent
-$1,255
Cashflow
Cash Flow
$2,563 income − $3,818 expenses = $1,255 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%
$95,900
Closing costs
1%
$4,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,563
Total Expenses
$3,818
Mortgage P&I
99%
$2,536
Property Taxes
17%
$448
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0