This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $102k initial cash invested.
-18.62%
Cash On Cash
2.57%
Cap Rate
0.41
DSCR
$1,948
Rent
-$1,580
Cashflow
Cash Flow
$1,948 income − $3,528 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,948
Total Expenses
$3,528
Mortgage P&I
129%
$2,521
Property Taxes
17%
$331
Home Insurance
9%
$170
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0