This property looks like a bad Long-Term investment with a projected -16.55% first-year return on $102k initial cash invested.
-16.55%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,282
Rent
-$1,405
Cashflow
Cash Flow
$2,282 income − $3,687 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,282
Total Expenses
$3,687
Mortgage P&I
109%
$2,497
Property Taxes
19%
$427
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0