This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $103k initial cash invested.
-13.55%
Cash On Cash
4.14%
Cap Rate
0.63
DSCR
$3,098
Rent
-$1,168
Cashflow
Cash Flow
$3,098 income − $4,266 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,540
Closing costs
1%
$4,927
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,098
Total Expenses
$4,266
Mortgage P&I
88%
$2,713
Property Taxes
18%
$572
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0