This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $103k initial cash invested.
-15.78%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,815
Rent
-$1,349
Cashflow
Cash Flow
$2,815 income − $4,164 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,815
Total Expenses
$4,164
Mortgage P&I
93%
$2,629
Property Taxes
22%
$607
Home Insurance
6%
$172
HOA
1%
$23
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0