This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $103k initial cash invested.
-12.42%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$2,846
Rent
-$1,066
Cashflow
Cash Flow
$2,846 income − $3,912 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,846
Total Expenses
$3,912
Mortgage P&I
95%
$2,702
Property Taxes
12%
$335
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0