This property looks like a bad Long-Term investment with a projected -23.52% first-year return on $103k initial cash invested.
-23.52%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$1,719
Rent
-$2,018
Cashflow
Cash Flow
$1,719 income − $3,737 expenses = $2,018 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,060
Closing costs
1%
$4,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,719
Total Expenses
$3,737
Mortgage P&I
154%
$2,645
Property Taxes
27%
$470
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0