This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $102k initial cash invested.
-13.5%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$2,681
Rent
-$1,143
Cashflow
Cash Flow
$2,681 income − $3,824 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,740
Closing costs
1%
$4,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,681
Total Expenses
$3,824
Mortgage P&I
96%
$2,574
Property Taxes
14%
$378
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0