This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $103k initial cash invested.
-19.72%
Cash On Cash
2.5%
Cap Rate
0.39
DSCR
$2,056
Rent
-$1,691
Cashflow
Cash Flow
$2,056 income − $3,747 expenses = $1,691 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$3,747
Mortgage P&I
127%
$2,608
Property Taxes
21%
$432
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0