This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $101k initial cash invested.
-13.37%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$3,266
Rent
-$1,129
Cashflow
Cash Flow
$3,266 income − $4,395 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,266
Total Expenses
$4,395
Mortgage P&I
80%
$2,613
Property Taxes
15%
$476
Home Insurance
6%
$192
HOA
8%
$265
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0