This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $103k initial cash invested.
-19.86%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$2,305
Rent
-$1,701
Cashflow
Cash Flow
$2,305 income − $4,006 expenses = $1,701 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%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$4,006
Mortgage P&I
117%
$2,704
Property Taxes
23%
$538
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0