This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $102k initial cash invested.
-16.31%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,640
Rent
-$1,389
Cashflow
Cash Flow
$2,640 income − $4,029 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,320
Closing costs
1%
$4,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$4,029
Mortgage P&I
101%
$2,667
Property Taxes
19%
$510
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0