This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $102k initial cash invested.
-9.85%
Cash On Cash
4.5%
Cap Rate
0.72
DSCR
$2,710
Rent
-$836
Cashflow
Cash Flow
$2,710 income − $3,546 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,960
Closing costs
1%
$4,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,710
Total Expenses
$3,546
Mortgage P&I
93%
$2,516
Property Taxes
6%
$149
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0