This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $102k initial cash invested.
-13.83%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,586
Rent
-$1,176
Cashflow
Cash Flow
$2,586 income − $3,762 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,160
Closing costs
1%
$4,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,586
Total Expenses
$3,762
Mortgage P&I
104%
$2,684
Property Taxes
9%
$231
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0