This property looks like a bad Long-Term investment with a projected -21.25% first-year return on $102k initial cash invested.
-21.25%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$1,518
Rent
-$1,804
Cashflow
Cash Flow
$1,518 income − $3,322 expenses = $1,804 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
$1,518
Total Expenses
$3,322
Mortgage P&I
176%
$2,675
Property Taxes
5%
$82
Home Insurance
11%
$170
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0