This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $101k initial cash invested.
-16.74%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$1,867
Rent
-$1,406
Cashflow
Cash Flow
$1,867 income − $3,273 expenses = $1,406 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%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,867
Total Expenses
$3,273
Mortgage P&I
138%
$2,570
Property Taxes
3%
$50
Home Insurance
9%
$168
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0