This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $103k initial cash invested.
-14.06%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,517
Rent
-$1,205
Cashflow
Cash Flow
$2,517 income − $3,722 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,517
Total Expenses
$3,722
Mortgage P&I
108%
$2,721
Property Taxes
7%
$174
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0