This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $102k initial cash invested.
-14.42%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$2,775
Rent
-$1,224
Cashflow
Cash Flow
$2,775 income − $3,999 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$96,980
Closing costs
1%
$4,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,775
Total Expenses
$3,999
Mortgage P&I
90%
$2,493
Property Taxes
22%
$614
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0