This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $102k initial cash invested.
-12.15%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$2,977
Rent
-$1,031
Cashflow
Cash Flow
$2,977 income − $4,008 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$4,008
Mortgage P&I
86%
$2,553
Property Taxes
17%
$510
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0