This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $102k initial cash invested.
-16.97%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,381
Rent
-$1,449
Cashflow
Cash Flow
$2,381 income − $3,830 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,381
Total Expenses
$3,830
Mortgage P&I
111%
$2,639
Property Taxes
17%
$400
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0