This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $102k initial cash invested.
-17.94%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$2,278
Rent
-$1,521
Cashflow
Cash Flow
$2,278 income − $3,799 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,920
Closing costs
1%
$4,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,278
Total Expenses
$3,799
Mortgage P&I
111%
$2,525
Property Taxes
22%
$506
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0