This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $102k initial cash invested.
-16.9%
Cash On Cash
3.53%
Cap Rate
0.52
DSCR
$2,590
Rent
-$1,433
Cashflow
Cash Flow
$2,590 income − $4,023 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,900
Closing costs
1%
$4,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$4,023
Mortgage P&I
105%
$2,729
Property Taxes
17%
$448
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0