This property looks like a bad Long-Term investment with a projected -6.35% first-year return on $102k initial cash invested.
-6.35%
Cash On Cash
5.2%
Cap Rate
0.85
DSCR
$3,624
Rent
-$538
Cashflow
Cash Flow
$3,624 income − $4,162 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,820
Closing costs
1%
$4,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,624
Total Expenses
$4,162
Mortgage P&I
68%
$2,454
Property Taxes
17%
$604
Home Insurance
5%
$163
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0