This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $103k initial cash invested.
-14.2%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,934
Rent
-$1,223
Cashflow
Cash Flow
$2,934 income − $4,157 expenses = $1,223 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,420
Closing costs
1%
$4,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,934
Total Expenses
$4,157
Mortgage P&I
91%
$2,676
Property Taxes
18%
$518
Home Insurance
6%
$175
HOA
1%
$25
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0