This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $103k initial cash invested.
-15.14%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$2,687
Rent
-$1,296
Cashflow
Cash Flow
$2,687 income − $3,983 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,687
Total Expenses
$3,983
Mortgage P&I
98%
$2,637
Property Taxes
18%
$477
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0