This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $101k initial cash invested.
-17.18%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,458
Rent
-$1,440
Cashflow
Cash Flow
$2,458 income − $3,898 expenses = $1,440 out of pocket
Investment Breakdown
|
Purchase Price
$479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,800
Closing costs
1%
$4,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,458
Total Expenses
$3,898
Mortgage P&I
107%
$2,626
Property Taxes
19%
$461
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0