This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $101k initial cash invested.
-14.5%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$2,684
Rent
-$1,218
Cashflow
Cash Flow
$2,684 income − $3,902 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,020
Closing costs
1%
$4,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$3,902
Mortgage P&I
96%
$2,589
Property Taxes
17%
$448
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0