This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $103k initial cash invested.
-12.92%
Cash On Cash
3.82%
Cap Rate
0.62
DSCR
$3,170
Rent
-$1,108
Cashflow
Cash Flow
$3,170 income − $4,278 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,170
Total Expenses
$4,278
Mortgage P&I
79%
$2,510
Property Taxes
10%
$315
Home Insurance
5%
$172
HOA
14%
$458
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0