This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $103k initial cash invested.
-16.61%
Cash On Cash
3.59%
Cap Rate
0.53
DSCR
$2,973
Rent
-$1,424
Cashflow
Cash Flow
$2,973 income − $4,397 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,973
Total Expenses
$4,397
Mortgage P&I
92%
$2,740
Property Taxes
24%
$709
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0