This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $102k initial cash invested.
-16.14%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,471
Rent
-$1,370
Cashflow
Cash Flow
$2,471 income − $3,841 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$3,841
Mortgage P&I
108%
$2,658
Property Taxes
15%
$370
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0