This property looks like a bad Long-Term investment with a projected -5.21% first-year return on $102k initial cash invested.
-5.21%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$3,542
Rent
-$442
Cashflow
Cash Flow
$3,542 income − $3,984 expenses = $442 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
$3,542
Total Expenses
$3,984
Mortgage P&I
76%
$2,685
Property Taxes
6%
$208
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0