This property looks like a bad Long-Term investment with a projected -19.67% first-year return on $101k initial cash invested.
-19.67%
Cash On Cash
2.8%
Cap Rate
0.42
DSCR
$1,869
Rent
-$1,652
Cashflow
Cash Flow
$1,869 income − $3,521 expenses = $1,652 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,869
Total Expenses
$3,521
Mortgage P&I
143%
$2,678
Property Taxes
10%
$183
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0