This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $102k initial cash invested.
-8.17%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$2,677
Rent
-$697
Cashflow
Cash Flow
$2,677 income − $3,374 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,464
Closing costs
1%
$4,873
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$3,374
Mortgage P&I
92%
$2,469
Property Taxes
0%
$4
Home Insurance
6%
$171
HOA
1%
$33
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0