This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $103k initial cash invested.
-17.42%
Cash On Cash
2.98%
Cap Rate
0.47
DSCR
$2,064
Rent
-$1,497
Cashflow
Cash Flow
$2,064 income − $3,561 expenses = $1,497 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,064
Total Expenses
$3,561
Mortgage P&I
127%
$2,613
Property Taxes
8%
$171
Home Insurance
12%
$241
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0