This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $103k initial cash invested.
-14.94%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$2,163
Rent
-$1,281
Cashflow
Cash Flow
$2,163 income − $3,444 expenses = $1,281 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$3,444
Mortgage P&I
122%
$2,640
Property Taxes
3%
$70
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0