This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $103k initial cash invested.
-15.29%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$2,680
Rent
-$1,306
Cashflow
Cash Flow
$2,680 income − $3,986 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$3,986
Mortgage P&I
92%
$2,461
Property Taxes
24%
$655
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0