This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $103k initial cash invested.
-12.99%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$2,699
Rent
-$1,114
Cashflow
Cash Flow
$2,699 income − $3,813 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,699
Total Expenses
$3,813
Mortgage P&I
100%
$2,699
Property Taxes
9%
$240
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0