This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $101k initial cash invested.
-15.44%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,474
Rent
-$1,300
Cashflow
Cash Flow
$2,474 income − $3,774 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$481k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$96,220
Closing costs
1%
$4,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,474
Total Expenses
$3,774
Mortgage P&I
105%
$2,592
Property Taxes
15%
$364
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0