This property looks like a bad Long-Term investment with a projected -21.21% first-year return on $103k initial cash invested.
-21.21%
Cash On Cash
2.08%
Cap Rate
0.33
DSCR
$2,079
Rent
-$1,815
Cashflow
Cash Flow
$2,079 income − $3,894 expenses = $1,815 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,079
Total Expenses
$3,894
Mortgage P&I
123%
$2,558
Property Taxes
30%
$620
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0