This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $103k initial cash invested.
-16.22%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$2,083
Rent
-$1,391
Cashflow
Cash Flow
$2,083 income − $3,474 expenses = $1,391 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,083
Total Expenses
$3,474
Mortgage P&I
129%
$2,683
Property Taxes
4%
$78
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0