This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $103k initial cash invested.
-20.19%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$1,546
Rent
-$1,737
Cashflow
Cash Flow
$1,546 income − $3,283 expenses = $1,737 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,300
Closing costs
1%
$4,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,546
Total Expenses
$3,283
Mortgage P&I
164%
$2,540
Property Taxes
8%
$131
Home Insurance
14%
$210
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0