This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $101k initial cash invested.
-15.55%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,513
Rent
-$1,306
Cashflow
Cash Flow
$2,513 income − $3,819 expenses = $1,306 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%
$95,980
Closing costs
1%
$4,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,513
Total Expenses
$3,819
Mortgage P&I
103%
$2,592
Property Taxes
16%
$405
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0