This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $102k initial cash invested.
-16.92%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$2,459
Rent
-$1,436
Cashflow
Cash Flow
$2,459 income − $3,895 expenses = $1,436 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,459
Total Expenses
$3,895
Mortgage P&I
106%
$2,616
Property Taxes
19%
$469
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0