This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $102k initial cash invested.
-13.79%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$2,295
Rent
-$1,168
Cashflow
Cash Flow
$2,295 income − $3,463 expenses = $1,168 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%
$96,780
Closing costs
1%
$4,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,295
Total Expenses
$3,463
Mortgage P&I
114%
$2,607
Property Taxes
4%
$83
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0