This property looks like a bad Long-Term investment with a projected -20.83% first-year return on $101k initial cash invested.
-20.83%
Cash On Cash
1.8%
Cap Rate
0.3
DSCR
$1,168
Rent
-$1,750
Cashflow
Cash Flow
$1,168 income − $2,918 expenses = $1,750 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,168
Total Expenses
$2,918
Mortgage P&I
207%
$2,413
Property Taxes
3%
$34
Home Insurance
14%
$168
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0