This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $102k initial cash invested.
-15.79%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$2,682
Rent
-$1,346
Cashflow
Cash Flow
$2,682 income − $4,028 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,401
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,682
Total Expenses
$4,028
Mortgage P&I
98%
$2,641
Property Taxes
19%
$520
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0