This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $102k initial cash invested.
-15.24%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,356
Rent
-$1,297
Cashflow
Cash Flow
$2,356 income − $3,653 expenses = $1,297 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,260
Closing costs
1%
$4,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$3,653
Mortgage P&I
112%
$2,647
Property Taxes
8%
$181
Home Insurance
7%
$172
HOA
2%
$40
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0