This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $103k initial cash invested.
-15.72%
Cash On Cash
3.37%
Cap Rate
0.53
DSCR
$2,405
Rent
-$1,355
Cashflow
Cash Flow
$2,405 income − $3,760 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,405
Total Expenses
$3,760
Mortgage P&I
109%
$2,617
Property Taxes
14%
$347
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0