This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $103k initial cash invested.
-13.45%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$3,190
Rent
-$1,154
Cashflow
Cash Flow
$3,190 income − $4,344 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,190
Total Expenses
$4,344
Mortgage P&I
84%
$2,669
Property Taxes
21%
$673
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$191
Maintenance
5%
$160
Other
0%
$0