This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $103k initial cash invested.
-14.43%
Cash On Cash
3.43%
Cap Rate
0.56
DSCR
$2,522
Rent
-$1,237
Cashflow
Cash Flow
$2,522 income − $3,759 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$3,759
Mortgage P&I
100%
$2,510
Property Taxes
15%
$389
Home Insurance
7%
$172
HOA
1%
$33
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0