This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $102k initial cash invested.
-17.43%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,821
Rent
-$1,481
Cashflow
Cash Flow
$2,821 income − $4,302 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,120
Closing costs
1%
$4,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,821
Total Expenses
$4,302
Mortgage P&I
94%
$2,642
Property Taxes
23%
$652
Home Insurance
6%
$175
HOA
4%
$100
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0