This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $103k initial cash invested.
-14.9%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,733
Rent
-$1,278
Cashflow
Cash Flow
$2,733 income − $4,011 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,020
Closing costs
1%
$4,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,733
Total Expenses
$4,011
Mortgage P&I
99%
$2,708
Property Taxes
15%
$417
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0