This property looks like a bad Long-Term investment with a projected -20.11% first-year return on $101k initial cash invested.
-20.11%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$1,998
Rent
-$1,689
Cashflow
Cash Flow
$1,998 income − $3,687 expenses = $1,689 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$3,687
Mortgage P&I
132%
$2,634
Property Taxes
18%
$365
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0