This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $101k initial cash invested.
-12.82%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$2,546
Rent
-$1,081
Cashflow
Cash Flow
$2,546 income − $3,627 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,400
Closing costs
1%
$4,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,546
Total Expenses
$3,627
Mortgage P&I
105%
$2,665
Property Taxes
5%
$125
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0