This property looks like a bad Long-Term investment with a projected -19.7% first-year return on $101k initial cash invested.
-19.7%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$2,079
Rent
-$1,666
Cashflow
Cash Flow
$2,079 income − $3,745 expenses = $1,666 out of pocket
Investment Breakdown
|
Purchase Price
$483k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,640
Closing costs
1%
$4,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,079
Total Expenses
$3,745
Mortgage P&I
128%
$2,667
Property Taxes
17%
$362
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0