This property looks like a bad Long-Term investment with a projected -12.77% first-year return on $102k initial cash invested.
-12.77%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$2,862
Rent
-$1,083
Cashflow
Cash Flow
$2,862 income − $3,945 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,940
Closing costs
1%
$4,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,862
Total Expenses
$3,945
Mortgage P&I
93%
$2,654
Property Taxes
6%
$166
Home Insurance
6%
$184
HOA
7%
$197
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0