This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $103k initial cash invested.
-12.6%
Cash On Cash
3.71%
Cap Rate
0.62
DSCR
$2,745
Rent
-$1,079
Cashflow
Cash Flow
$2,745 income − $3,824 expenses = $1,079 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$3,824
Mortgage P&I
89%
$2,456
Property Taxes
16%
$436
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0