This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $102k initial cash invested.
-15.75%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,683
Rent
-$1,336
Cashflow
Cash Flow
$2,683 income − $4,019 expenses = $1,336 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,920
Closing costs
1%
$4,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,683
Total Expenses
$4,019
Mortgage P&I
96%
$2,581
Property Taxes
20%
$549
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0