This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $102k initial cash invested.
-14.74%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$2,582
Rent
-$1,255
Cashflow
Cash Flow
$2,582 income − $3,837 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,280
Closing costs
1%
$4,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$3,837
Mortgage P&I
100%
$2,588
Property Taxes
15%
$390
Home Insurance
7%
$175
HOA
1%
$13
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0