This property looks like a bad Long-Term investment with a projected -18.06% first-year return on $102k initial cash invested.
-18.06%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,309
Rent
-$1,533
Cashflow
Cash Flow
$2,309 income − $3,842 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,309
Total Expenses
$3,842
Mortgage P&I
116%
$2,673
Property Taxes
12%
$267
Home Insurance
7%
$170
HOA
6%
$132
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0