This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $101k initial cash invested.
-15.62%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$2,425
Rent
-$1,312
Cashflow
Cash Flow
$2,425 income − $3,737 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,425
Total Expenses
$3,737
Mortgage P&I
108%
$2,613
Property Taxes
13%
$317
Home Insurance
7%
$164
HOA
1%
$13
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0