This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $102k initial cash invested.
-12.53%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,768
Rent
-$1,066
Cashflow
Cash Flow
$2,768 income − $3,834 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,260
Closing costs
1%
$4,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,768
Total Expenses
$3,834
Mortgage P&I
98%
$2,711
Property Taxes
8%
$233
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0