This property looks like a bad Long-Term investment with a projected -16.02% first-year return on $103k initial cash invested.
-16.02%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$2,192
Rent
-$1,371
Cashflow
Cash Flow
$2,192 income − $3,563 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,192
Total Expenses
$3,563
Mortgage P&I
116%
$2,540
Property Taxes
13%
$281
Home Insurance
8%
$171
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0