This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $103k initial cash invested.
-15.57%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$3,110
Rent
-$1,341
Cashflow
Cash Flow
$3,110 income − $4,451 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,110
Total Expenses
$4,451
Mortgage P&I
82%
$2,537
Property Taxes
30%
$933
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0