This property looks like a bad Long-Term investment with a projected -25.08% first-year return on $103k initial cash invested.
-25.08%
Cash On Cash
1.81%
Cap Rate
0.26
DSCR
$1,249
Rent
-$2,146
Cashflow
Cash Flow
$1,249 income − $3,395 expenses = $2,146 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,249
Total Expenses
$3,395
Mortgage P&I
226%
$2,823
Property Taxes
6%
$77
Home Insurance
14%
$171
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0