This property looks like a bad Long-Term investment with a projected -17.77% first-year return on $103k initial cash invested.
-17.77%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$2,294
Rent
-$1,521
Cashflow
Cash Flow
$2,294 income − $3,815 expenses = $1,521 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,294
Total Expenses
$3,815
Mortgage P&I
115%
$2,636
Property Taxes
18%
$411
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0