This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $103k initial cash invested.
-13.97%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$2,885
Rent
-$1,193
Cashflow
Cash Flow
$2,885 income − $4,078 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,885
Total Expenses
$4,078
Mortgage P&I
94%
$2,720
Property Taxes
15%
$436
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0