This property looks like a bad Long-Term investment with a projected -17.15% first-year return on $103k initial cash invested.
-17.15%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$2,063
Rent
-$1,479
Cashflow
Cash Flow
$2,063 income − $3,542 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,560
Closing costs
1%
$4,928
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$3,542
Mortgage P&I
130%
$2,678
Property Taxes
7%
$146
Home Insurance
9%
$182
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0