This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $102k initial cash invested.
-14.47%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$2,381
Rent
-$1,227
Cashflow
Cash Flow
$2,381 income − $3,608 expenses = $1,227 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
$2,381
Total Expenses
$3,608
Mortgage P&I
108%
$2,578
Property Taxes
10%
$236
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0