This property looks like a bad Long-Term investment with a projected -21.08% first-year return on $101k initial cash invested.
-21.08%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$1,990
Rent
-$1,777
Cashflow
Cash Flow
$1,990 income − $3,767 expenses = $1,777 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,320
Closing costs
1%
$4,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$3,767
Mortgage P&I
130%
$2,580
Property Taxes
22%
$441
Home Insurance
9%
$184
HOA
2%
$44
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0