This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $102k initial cash invested.
-14.33%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$2,542
Rent
-$1,220
Cashflow
Cash Flow
$2,542 income − $3,762 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$486k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,280
Closing costs
1%
$4,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,542
Total Expenses
$3,762
Mortgage P&I
103%
$2,614
Property Taxes
12%
$316
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0