This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $102k initial cash invested.
-19.34%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$2,336
Rent
-$1,641
Cashflow
Cash Flow
$2,336 income − $3,977 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$3,977
Mortgage P&I
112%
$2,623
Property Taxes
25%
$576
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0