This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $102k initial cash invested.
-16.11%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,486
Rent
-$1,370
Cashflow
Cash Flow
$2,486 income − $3,856 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,180
Closing costs
1%
$4,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,486
Total Expenses
$3,856
Mortgage P&I
107%
$2,655
Property Taxes
16%
$389
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0