This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $103k initial cash invested.
-14.03%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$2,534
Rent
-$1,199
Cashflow
Cash Flow
$2,534 income − $3,733 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,534
Total Expenses
$3,733
Mortgage P&I
100%
$2,523
Property Taxes
15%
$376
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0