This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $102k initial cash invested.
-12.56%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$3,221
Rent
-$1,066
Cashflow
Cash Flow
$3,221 income − $4,287 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,221
Total Expenses
$4,287
Mortgage P&I
77%
$2,488
Property Taxes
25%
$792
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0