This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $102k initial cash invested.
-13.58%
Cash On Cash
3.77%
Cap Rate
0.6
DSCR
$2,523
Rent
-$1,157
Cashflow
Cash Flow
$2,523 income − $3,680 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,340
Closing costs
1%
$4,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$3,680
Mortgage P&I
101%
$2,560
Property Taxes
11%
$290
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0