This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $101k initial cash invested.
-14.75%
Cash On Cash
3.98%
Cap Rate
0.59
DSCR
$2,723
Rent
-$1,246
Cashflow
Cash Flow
$2,723 income − $3,969 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,540
Closing costs
1%
$4,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,723
Total Expenses
$3,969
Mortgage P&I
100%
$2,710
Property Taxes
13%
$354
Home Insurance
6%
$175
HOA
1%
$23
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0