This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $103k initial cash invested.
-13.64%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$3,054
Rent
-$1,172
Cashflow
Cash Flow
$3,054 income − $4,226 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,054
Total Expenses
$4,226
Mortgage P&I
81%
$2,480
Property Taxes
25%
$778
Home Insurance
6%
$174
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0