This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $103k initial cash invested.
-18.44%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$2,345
Rent
-$1,583
Cashflow
Cash Flow
$2,345 income − $3,928 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,345
Total Expenses
$3,928
Mortgage P&I
113%
$2,644
Property Taxes
21%
$500
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0