This property looks like a bad Long-Term investment with a projected -24.29% first-year return on $101k initial cash invested.
-24.29%
Cash On Cash
1.83%
Cap Rate
0.27
DSCR
$1,777
Rent
-$2,044
Cashflow
Cash Flow
$1,777 income − $3,821 expenses = $2,044 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,180
Closing costs
1%
$4,809
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,777
Total Expenses
$3,821
Mortgage P&I
151%
$2,689
Property Taxes
28%
$494
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0