This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $102k initial cash invested.
-12.01%
Cash On Cash
4.1%
Cap Rate
0.66
DSCR
$3,324
Rent
-$1,024
Cashflow
Cash Flow
$3,324 income − $4,348 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,324
Total Expenses
$4,348
Mortgage P&I
76%
$2,524
Property Taxes
22%
$744
Home Insurance
5%
$170
HOA
1%
$47
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0