This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $102k initial cash invested.
-17.82%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$2,478
Rent
-$1,520
Cashflow
Cash Flow
$2,478 income − $3,998 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,478
Total Expenses
$3,998
Mortgage P&I
108%
$2,686
Property Taxes
16%
$404
Home Insurance
7%
$175
HOA
4%
$88
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0