This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $102k initial cash invested.
-18.8%
Cash On Cash
3.1%
Cap Rate
0.46
DSCR
$3,117
Rent
-$1,592
Cashflow
Cash Flow
$3,117 income − $4,709 expenses = $1,592 out of pocket
Investment Breakdown
|
Purchase Price
$484k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,760
Closing costs
1%
$4,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,117
Total Expenses
$4,709
Mortgage P&I
86%
$2,684
Property Taxes
32%
$984
Home Insurance
6%
$172
HOA
2%
$58
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0