This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $103k initial cash invested.
-19.24%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$2,225
Rent
-$1,656
Cashflow
Cash Flow
$2,225 income − $3,881 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,380
Closing costs
1%
$4,919
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,225
Total Expenses
$3,881
Mortgage P&I
120%
$2,662
Property Taxes
21%
$466
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0