This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $103k initial cash invested.
-15.02%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$2,351
Rent
-$1,285
Cashflow
Cash Flow
$2,351 income − $3,636 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,351
Total Expenses
$3,636
Mortgage P&I
107%
$2,505
Property Taxes
15%
$346
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0