This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $103k initial cash invested.
-13.75%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,821
Rent
-$1,185
Cashflow
Cash Flow
$2,821 income − $4,006 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,821
Total Expenses
$4,006
Mortgage P&I
94%
$2,639
Property Taxes
14%
$387
Home Insurance
6%
$172
HOA
3%
$75
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0