This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $101k initial cash invested.
-14.58%
Cash On Cash
3.44%
Cap Rate
0.56
DSCR
$2,731
Rent
-$1,230
Cashflow
Cash Flow
$2,731 income − $3,961 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,400
Closing costs
1%
$4,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,731
Total Expenses
$3,961
Mortgage P&I
91%
$2,473
Property Taxes
22%
$590
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0