This property looks like a bad Long-Term investment with a projected -24.04% first-year return on $102k initial cash invested.
-24.04%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$1,227
Rent
-$2,040
Cashflow
Cash Flow
$1,227 income − $3,267 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,227
Total Expenses
$3,267
Mortgage P&I
216%
$2,647
Property Taxes
11%
$131
Home Insurance
14%
$170
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0