This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $103k initial cash invested.
-13.1%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,801
Rent
-$1,128
Cashflow
Cash Flow
$2,801 income − $3,929 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,440
Closing costs
1%
$4,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,801
Total Expenses
$3,929
Mortgage P&I
90%
$2,513
Property Taxes
19%
$522
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0