This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $102k initial cash invested.
-17.46%
Cash On Cash
3.35%
Cap Rate
0.5
DSCR
$2,925
Rent
-$1,487
Cashflow
Cash Flow
$2,925 income − $4,412 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,320
Closing costs
1%
$4,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,925
Total Expenses
$4,412
Mortgage P&I
92%
$2,699
Property Taxes
27%
$782
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0