This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $102k initial cash invested.
-16.06%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$2,799
Rent
-$1,364
Cashflow
Cash Flow
$2,799 income − $4,163 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,060
Closing costs
1%
$4,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,799
Total Expenses
$4,163
Mortgage P&I
96%
$2,676
Property Taxes
14%
$394
Home Insurance
6%
$175
HOA
7%
$190
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0