This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $102k initial cash invested.
-16.33%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$2,283
Rent
-$1,386
Cashflow
Cash Flow
$2,283 income − $3,669 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,283
Total Expenses
$3,669
Mortgage P&I
115%
$2,636
Property Taxes
12%
$270
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0