This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $102k initial cash invested.
-18.35%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$3,025
Rent
-$1,562
Cashflow
Cash Flow
$3,025 income − $4,587 expenses = $1,562 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,300
Closing costs
1%
$4,865
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,025
Total Expenses
$4,587
Mortgage P&I
91%
$2,748
Property Taxes
29%
$880
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0