This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $103k initial cash invested.
-18.28%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,537
Rent
-$1,564
Cashflow
Cash Flow
$2,537 income − $4,101 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,537
Total Expenses
$4,101
Mortgage P&I
107%
$2,705
Property Taxes
22%
$562
Home Insurance
7%
$174
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0