This property looks like a bad Long-Term investment with a projected -19.54% first-year return on $103k initial cash invested.
-19.54%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$1,857
Rent
-$1,675
Cashflow
Cash Flow
$1,857 income − $3,532 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,857
Total Expenses
$3,532
Mortgage P&I
139%
$2,590
Property Taxes
13%
$242
Home Insurance
9%
$175
HOA
2%
$42
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0