This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $101k initial cash invested.
-13.84%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$3,145
Rent
-$1,162
Cashflow
Cash Flow
$3,145 income − $4,307 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,920
Closing costs
1%
$4,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,145
Total Expenses
$4,307
Mortgage P&I
81%
$2,559
Property Taxes
24%
$759
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0