This property looks like a bad Long-Term investment with a projected -12.76% first-year return on $103k initial cash invested.
-12.76%
Cash On Cash
3.9%
Cap Rate
0.62
DSCR
$2,661
Rent
-$1,095
Cashflow
Cash Flow
$2,661 income − $3,756 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,661
Total Expenses
$3,756
Mortgage P&I
96%
$2,556
Property Taxes
13%
$333
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0