This property looks like a bad Long-Term investment with a projected -15.93% first-year return on $102k initial cash invested.
-15.93%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,434
Rent
-$1,352
Cashflow
Cash Flow
$2,434 income − $3,786 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,434
Total Expenses
$3,786
Mortgage P&I
108%
$2,636
Property Taxes
14%
$342
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0