This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $102k initial cash invested.
-16.73%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$2,487
Rent
-$1,427
Cashflow
Cash Flow
$2,487 income − $3,914 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,487
Total Expenses
$3,914
Mortgage P&I
106%
$2,629
Property Taxes
19%
$466
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0