This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $103k initial cash invested.
-14.34%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,845
Rent
-$1,225
Cashflow
Cash Flow
$2,845 income − $4,070 expenses = $1,225 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,845
Total Expenses
$4,070
Mortgage P&I
94%
$2,679
Property Taxes
17%
$481
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0