This property looks like a bad Long-Term investment with a projected -21.02% first-year return on $103k initial cash invested.
-21.02%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$2,522
Rent
-$1,811
Cashflow
Cash Flow
$2,522 income − $4,333 expenses = $1,811 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%
$98,480
Closing costs
1%
$4,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$4,333
Mortgage P&I
105%
$2,636
Property Taxes
35%
$879
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0