This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $101k initial cash invested.
-13.78%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$2,812
Rent
-$1,158
Cashflow
Cash Flow
$2,812 income − $3,970 expenses = $1,158 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%
$96,040
Closing costs
1%
$4,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,812
Total Expenses
$3,970
Mortgage P&I
92%
$2,581
Property Taxes
15%
$410
Home Insurance
6%
$178
HOA
2%
$69
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0