This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $103k initial cash invested.
-15.49%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$2,806
Rent
-$1,327
Cashflow
Cash Flow
$2,806 income − $4,133 expenses = $1,327 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$4,133
Mortgage P&I
94%
$2,648
Property Taxes
21%
$581
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0