This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $102k initial cash invested.
-18.24%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$2,565
Rent
-$1,544
Cashflow
Cash Flow
$2,565 income − $4,109 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,760
Closing costs
1%
$4,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,565
Total Expenses
$4,109
Mortgage P&I
102%
$2,626
Property Taxes
19%
$493
Home Insurance
13%
$324
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0