This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $103k initial cash invested.
-14.95%
Cash On Cash
3.92%
Cap Rate
0.58
DSCR
$2,550
Rent
-$1,281
Cashflow
Cash Flow
$2,550 income − $3,831 expenses = $1,281 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,550
Total Expenses
$3,831
Mortgage P&I
108%
$2,752
Property Taxes
9%
$240
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0