This property looks like a bad Long-Term investment with a projected -16.28% first-year return on $103k initial cash invested.
-16.28%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,001
Rent
-$1,399
Cashflow
Cash Flow
$2,001 income − $3,400 expenses = $1,399 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,001
Total Expenses
$3,400
Mortgage P&I
124%
$2,490
Property Taxes
4%
$75
Home Insurance
16%
$315
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0