This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $102k initial cash invested.
-19.86%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$2,256
Rent
-$1,692
Cashflow
Cash Flow
$2,256 income − $3,948 expenses = $1,692 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,380
Closing costs
1%
$4,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,256
Total Expenses
$3,948
Mortgage P&I
118%
$2,673
Property Taxes
22%
$502
Home Insurance
8%
$186
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0