This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $102k initial cash invested.
-13.3%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$2,482
Rent
-$1,129
Cashflow
Cash Flow
$2,482 income − $3,611 expenses = $1,129 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%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,482
Total Expenses
$3,611
Mortgage P&I
107%
$2,663
Property Taxes
5%
$133
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0