This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $101k initial cash invested.
-14.05%
Cash On Cash
4.01%
Cap Rate
0.6
DSCR
$2,375
Rent
-$1,186
Cashflow
Cash Flow
$2,375 income − $3,561 expenses = $1,186 out of pocket
Investment Breakdown
|
Purchase Price
$482k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,440
Closing costs
1%
$4,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$3,561
Mortgage P&I
113%
$2,677
Property Taxes
3%
$66
Home Insurance
7%
$175
HOA
1%
$25
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0