This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $103k initial cash invested.
-13.33%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$3,129
Rent
-$1,141
Cashflow
Cash Flow
$3,129 income − $4,270 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,129
Total Expenses
$4,270
Mortgage P&I
86%
$2,695
Property Taxes
19%
$591
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0