This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $102k initial cash invested.
-16.36%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$2,503
Rent
-$1,384
Cashflow
Cash Flow
$2,503 income − $3,887 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,700
Closing costs
1%
$4,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$3,887
Mortgage P&I
104%
$2,608
Property Taxes
18%
$457
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0