This property looks like a bad Long-Term investment with a projected -17% first-year return on $103k initial cash invested.
-17%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$2,430
Rent
-$1,456
Cashflow
Cash Flow
$2,430 income − $3,886 expenses = $1,456 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,430
Total Expenses
$3,886
Mortgage P&I
109%
$2,649
Property Taxes
18%
$429
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0