This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $101k initial cash invested.
-16.88%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$2,993
Rent
-$1,418
Cashflow
Cash Flow
$2,993 income − $4,411 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$4,411
Mortgage P&I
85%
$2,540
Property Taxes
27%
$822
Home Insurance
7%
$203
HOA
2%
$67
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0