This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $102k initial cash invested.
-18.64%
Cash On Cash
2.54%
Cap Rate
0.41
DSCR
$2,692
Rent
-$1,583
Cashflow
Cash Flow
$2,692 income − $4,275 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,060
Closing costs
1%
$4,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$4,275
Mortgage P&I
92%
$2,475
Property Taxes
34%
$928
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0