This property looks like a bad Long-Term investment with a projected -14% first-year return on $102k initial cash invested.
-14%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$2,629
Rent
-$1,195
Cashflow
Cash Flow
$2,629 income − $3,824 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$3,824
Mortgage P&I
102%
$2,671
Property Taxes
11%
$288
Home Insurance
6%
$164
HOA
1%
$18
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0