This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $102k initial cash invested.
-15.83%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,134
Rent
-$1,342
Cashflow
Cash Flow
$2,134 income − $3,476 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,880
Closing costs
1%
$4,844
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,134
Total Expenses
$3,476
Mortgage P&I
115%
$2,457
Property Taxes
14%
$291
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0