This property looks like a bad Long-Term investment with a projected -21.51% first-year return on $102k initial cash invested.
-21.51%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$1,669
Rent
-$1,826
Cashflow
Cash Flow
$1,669 income − $3,495 expenses = $1,826 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,020
Closing costs
1%
$4,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,669
Total Expenses
$3,495
Mortgage P&I
165%
$2,747
Property Taxes
8%
$140
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0