This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $103k initial cash invested.
-15.26%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$2,557
Rent
-$1,308
Cashflow
Cash Flow
$2,557 income − $3,865 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,557
Total Expenses
$3,865
Mortgage P&I
106%
$2,699
Property Taxes
13%
$329
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0