This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $102k initial cash invested.
-21.8%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$1,700
Rent
-$1,853
Cashflow
Cash Flow
$1,700 income − $3,553 expenses = $1,853 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,160
Closing costs
1%
$4,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$3,553
Mortgage P&I
152%
$2,581
Property Taxes
21%
$355
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0