This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $102k initial cash invested.
-11.16%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$3,333
Rent
-$950
Cashflow
Cash Flow
$3,333 income − $4,283 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,333
Total Expenses
$4,283
Mortgage P&I
79%
$2,645
Property Taxes
18%
$600
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0