This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $103k initial cash invested.
-18.36%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$2,483
Rent
-$1,569
Cashflow
Cash Flow
$2,483 income − $4,052 expenses = $1,569 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$4,052
Mortgage P&I
107%
$2,652
Property Taxes
24%
$585
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0