This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $103k initial cash invested.
-12.7%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$2,612
Rent
-$1,091
Cashflow
Cash Flow
$2,612 income − $3,703 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,612
Total Expenses
$3,703
Mortgage P&I
104%
$2,716
Property Taxes
5%
$135
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0