This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $103k initial cash invested.
-14.83%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$3,130
Rent
-$1,269
Cashflow
Cash Flow
$3,130 income − $4,399 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,130
Total Expenses
$4,399
Mortgage P&I
87%
$2,708
Property Taxes
23%
$707
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0