This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $101k initial cash invested.
-16.35%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$2,632
Rent
-$1,378
Cashflow
Cash Flow
$2,632 income − $4,010 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,300
Closing costs
1%
$4,815
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,632
Total Expenses
$4,010
Mortgage P&I
99%
$2,597
Property Taxes
20%
$536
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0