This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $101k initial cash invested.
-16.42%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,240
Rent
-$1,388
Cashflow
Cash Flow
$2,240 income − $3,628 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,620
Closing costs
1%
$4,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$3,628
Mortgage P&I
111%
$2,483
Property Taxes
15%
$343
Home Insurance
10%
$220
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0