This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $102k initial cash invested.
-15.76%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$2,198
Rent
-$1,338
Cashflow
Cash Flow
$2,198 income − $3,536 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,198
Total Expenses
$3,536
Mortgage P&I
123%
$2,696
Property Taxes
4%
$98
Home Insurance
8%
$170
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0