This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $103k initial cash invested.
-16.15%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$2,759
Rent
-$1,382
Cashflow
Cash Flow
$2,759 income − $4,141 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,759
Total Expenses
$4,141
Mortgage P&I
97%
$2,688
Property Taxes
19%
$514
Home Insurance
6%
$175
HOA
2%
$46
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0