This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $103k initial cash invested.
-16.29%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$2,223
Rent
-$1,397
Cashflow
Cash Flow
$2,223 income − $3,620 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,223
Total Expenses
$3,620
Mortgage P&I
116%
$2,586
Property Taxes
13%
$285
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0