This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $103k initial cash invested.
-13.33%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$3,281
Rent
-$1,142
Cashflow
Cash Flow
$3,281 income − $4,423 expenses = $1,142 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%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,281
Total Expenses
$4,423
Mortgage P&I
76%
$2,500
Property Taxes
27%
$895
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0