This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $101k initial cash invested.
-21.04%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$1,985
Rent
-$1,772
Cashflow
Cash Flow
$1,985 income − $3,757 expenses = $1,772 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,260
Closing costs
1%
$4,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,985
Total Expenses
$3,757
Mortgage P&I
125%
$2,481
Property Taxes
30%
$598
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0