This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $101k initial cash invested.
-17.02%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,404
Rent
-$1,436
Cashflow
Cash Flow
$2,404 income − $3,840 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,400
Closing costs
1%
$4,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$3,840
Mortgage P&I
108%
$2,600
Property Taxes
18%
$441
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0