This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $103k initial cash invested.
-13.44%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$2,754
Rent
-$1,150
Cashflow
Cash Flow
$2,754 income − $3,904 expenses = $1,150 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%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$3,904
Mortgage P&I
97%
$2,680
Property Taxes
12%
$337
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0