This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $102k initial cash invested.
-14.89%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$2,370
Rent
-$1,265
Cashflow
Cash Flow
$2,370 income − $3,635 expenses = $1,265 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,100
Closing costs
1%
$4,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,370
Total Expenses
$3,635
Mortgage P&I
110%
$2,609
Property Taxes
10%
$238
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0