This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $102k initial cash invested.
-12.19%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$3,295
Rent
-$1,032
Cashflow
Cash Flow
$3,295 income − $4,327 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,740
Closing costs
1%
$4,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,295
Total Expenses
$4,327
Mortgage P&I
78%
$2,577
Property Taxes
21%
$682
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0