This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $103k initial cash invested.
-14.87%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,735
Rent
-$1,277
Cashflow
Cash Flow
$2,735 income − $4,012 expenses = $1,277 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,160
Closing costs
1%
$4,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,735
Total Expenses
$4,012
Mortgage P&I
98%
$2,682
Property Taxes
15%
$411
Home Insurance
6%
$173
HOA
1%
$34
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0