This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $102k initial cash invested.
-12.84%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$2,968
Rent
-$1,093
Cashflow
Cash Flow
$2,968 income − $4,061 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,260
Closing costs
1%
$4,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,968
Total Expenses
$4,061
Mortgage P&I
88%
$2,601
Property Taxes
17%
$518
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0