This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $103k initial cash invested.
-16.62%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$2,547
Rent
-$1,424
Cashflow
Cash Flow
$2,547 income − $3,971 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,547
Total Expenses
$3,971
Mortgage P&I
103%
$2,617
Property Taxes
21%
$529
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0