This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $103k initial cash invested.
-16.21%
Cash On Cash
3.34%
Cap Rate
0.52
DSCR
$2,578
Rent
-$1,390
Cashflow
Cash Flow
$2,578 income − $3,968 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,578
Total Expenses
$3,968
Mortgage P&I
102%
$2,626
Property Taxes
19%
$499
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0