This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $103k initial cash invested.
-13.08%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$3,326
Rent
-$1,122
Cashflow
Cash Flow
$3,326 income − $4,448 expenses = $1,122 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,326
Total Expenses
$4,448
Mortgage P&I
82%
$2,713
Property Taxes
21%
$698
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0