This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $101k initial cash invested.
-17.99%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$2,500
Rent
-$1,511
Cashflow
Cash Flow
$2,500 income − $4,011 expenses = $1,511 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%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,500
Total Expenses
$4,011
Mortgage P&I
102%
$2,554
Property Taxes
26%
$639
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0