This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $102k initial cash invested.
-12.18%
Cash On Cash
4.41%
Cap Rate
0.66
DSCR
$2,728
Rent
-$1,034
Cashflow
Cash Flow
$2,728 income − $3,762 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,728
Total Expenses
$3,762
Mortgage P&I
98%
$2,680
Property Taxes
7%
$203
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0