This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $102k initial cash invested.
-12.07%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$3,046
Rent
-$1,024
Cashflow
Cash Flow
$3,046 income − $4,070 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$4,070
Mortgage P&I
82%
$2,483
Property Taxes
20%
$620
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0