This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $102k initial cash invested.
-17.42%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$2,255
Rent
-$1,482
Cashflow
Cash Flow
$2,255 income − $3,737 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,240
Closing costs
1%
$4,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,255
Total Expenses
$3,737
Mortgage P&I
115%
$2,587
Property Taxes
15%
$332
Home Insurance
10%
$231
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0