This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $103k initial cash invested.
-15.68%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$3,066
Rent
-$1,349
Cashflow
Cash Flow
$3,066 income − $4,415 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,340
Closing costs
1%
$4,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,066
Total Expenses
$4,415
Mortgage P&I
86%
$2,639
Property Taxes
26%
$804
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0