This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $101k initial cash invested.
-12.81%
Cash On Cash
4.12%
Cap Rate
0.64
DSCR
$2,792
Rent
-$1,076
Cashflow
Cash Flow
$2,792 income − $3,868 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$95,999
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,792
Total Expenses
$3,868
Mortgage P&I
93%
$2,584
Property Taxes
11%
$304
Home Insurance
6%
$168
HOA
3%
$85
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0