This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $103k initial cash invested.
-14.37%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$2,756
Rent
-$1,230
Cashflow
Cash Flow
$2,756 income − $3,986 expenses = $1,230 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
$2,756
Total Expenses
$3,986
Mortgage P&I
95%
$2,617
Property Taxes
17%
$481
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0