This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $102k initial cash invested.
-13.23%
Cash On Cash
3.61%
Cap Rate
0.6
DSCR
$2,888
Rent
-$1,122
Cashflow
Cash Flow
$2,888 income − $4,010 expenses = $1,122 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,940
Closing costs
1%
$4,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,888
Total Expenses
$4,010
Mortgage P&I
84%
$2,438
Property Taxes
23%
$651
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0