This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $103k initial cash invested.
-12.97%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$2,873
Rent
-$1,111
Cashflow
Cash Flow
$2,873 income − $3,984 expenses = $1,111 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,873
Total Expenses
$3,984
Mortgage P&I
94%
$2,704
Property Taxes
12%
$358
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0