This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $102k initial cash invested.
-12.86%
Cash On Cash
3.7%
Cap Rate
0.61
DSCR
$2,320
Rent
-$1,094
Cashflow
Cash Flow
$2,320 income − $3,414 expenses = $1,094 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%
$97,220
Closing costs
1%
$4,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$3,414
Mortgage P&I
107%
$2,478
Property Taxes
7%
$158
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0