This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $101k initial cash invested.
-20.88%
Cash On Cash
2.63%
Cap Rate
0.39
DSCR
$1,797
Rent
-$1,757
Cashflow
Cash Flow
$1,797 income − $3,554 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,160
Closing costs
1%
$4,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,797
Total Expenses
$3,554
Mortgage P&I
151%
$2,721
Property Taxes
11%
$192
Home Insurance
10%
$173
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0