This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $101k initial cash invested.
-12.53%
Cash On Cash
4%
Cap Rate
0.64
DSCR
$2,769
Rent
-$1,052
Cashflow
Cash Flow
$2,769 income − $3,821 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,769
Total Expenses
$3,821
Mortgage P&I
91%
$2,513
Property Taxes
15%
$421
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0