This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $103k initial cash invested.
-16.29%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$2,135
Rent
-$1,401
Cashflow
Cash Flow
$2,135 income − $3,536 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,280
Closing costs
1%
$4,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,135
Total Expenses
$3,536
Mortgage P&I
119%
$2,532
Property Taxes
14%
$290
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0