This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $102k initial cash invested.
-11.15%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,964
Rent
-$949
Cashflow
Cash Flow
$2,964 income − $3,913 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,280
Closing costs
1%
$4,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$3,913
Mortgage P&I
90%
$2,654
Property Taxes
10%
$307
Home Insurance
6%
$174
HOA
0%
$8
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0