This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $102k initial cash invested.
-11.57%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$3,026
Rent
-$985
Cashflow
Cash Flow
$3,026 income − $4,011 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,280
Closing costs
1%
$4,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,026
Total Expenses
$4,011
Mortgage P&I
82%
$2,482
Property Taxes
19%
$569
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0