This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $101k initial cash invested.
-15.38%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$2,015
Rent
-$1,291
Cashflow
Cash Flow
$2,015 income − $3,306 expenses = $1,291 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,960
Closing costs
1%
$4,798
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$3,306
Mortgage P&I
122%
$2,451
Property Taxes
8%
$156
Home Insurance
9%
$174
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0