This property looks like a bad Long-Term investment with a projected -20.87% first-year return on $101k initial cash invested.
-20.87%
Cash On Cash
2.21%
Cap Rate
0.35
DSCR
$1,589
Rent
-$1,755
Cashflow
Cash Flow
$1,589 income − $3,344 expenses = $1,755 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,100
Closing costs
1%
$4,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,589
Total Expenses
$3,344
Mortgage P&I
161%
$2,559
Property Taxes
12%
$198
Home Insurance
11%
$175
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0