This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $101k initial cash invested.
-16.66%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,327
Rent
-$1,403
Cashflow
Cash Flow
$2,327 income − $3,730 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,220
Closing costs
1%
$4,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,327
Total Expenses
$3,730
Mortgage P&I
111%
$2,573
Property Taxes
16%
$379
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0