This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $102k initial cash invested.
-18.91%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$2,523
Rent
-$1,612
Cashflow
Cash Flow
$2,523 income − $4,135 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,400
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$4,135
Mortgage P&I
107%
$2,701
Property Taxes
24%
$609
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0