This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $102k initial cash invested.
-13.23%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,614
Rent
-$1,126
Cashflow
Cash Flow
$2,614 income − $3,740 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,240
Closing costs
1%
$4,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,614
Total Expenses
$3,740
Mortgage P&I
101%
$2,639
Property Taxes
7%
$178
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0