This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $101k initial cash invested.
-16.88%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$2,409
Rent
-$1,418
Cashflow
Cash Flow
$2,409 income − $3,827 expenses = $1,418 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
$2,409
Total Expenses
$3,827
Mortgage P&I
108%
$2,593
Property Taxes
18%
$440
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0