This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $101k initial cash invested.
-12.2%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,530
Rent
-$1,030
Cashflow
Cash Flow
$2,530 income − $3,560 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,460
Closing costs
1%
$4,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,560
Mortgage P&I
103%
$2,613
Property Taxes
5%
$122
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0