This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $102k initial cash invested.
-13.53%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$3,328
Rent
-$1,145
Cashflow
Cash Flow
$3,328 income − $4,473 expenses = $1,145 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,740
Closing costs
1%
$4,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,328
Total Expenses
$4,473
Mortgage P&I
81%
$2,696
Property Taxes
22%
$748
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0