This property looks like a bad Long-Term investment with a projected -12.47% first-year return on $103k initial cash invested.
-12.47%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,693
Rent
-$1,069
Cashflow
Cash Flow
$2,693 income − $3,762 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,693
Total Expenses
$3,762
Mortgage P&I
92%
$2,484
Property Taxes
15%
$405
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0