This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $101k initial cash invested.
-15.48%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$2,313
Rent
-$1,308
Cashflow
Cash Flow
$2,313 income − $3,621 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,540
Closing costs
1%
$4,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,313
Total Expenses
$3,621
Mortgage P&I
112%
$2,588
Property Taxes
11%
$258
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0