This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $101k initial cash invested.
-18.15%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$1,785
Rent
-$1,530
Cashflow
Cash Flow
$1,785 income − $3,315 expenses = $1,530 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,360
Closing costs
1%
$4,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,785
Total Expenses
$3,315
Mortgage P&I
140%
$2,503
Property Taxes
10%
$174
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0