This property looks like a bad Long-Term investment with a projected -15.81% first-year return on $103k initial cash invested.
-15.81%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$2,186
Rent
-$1,355
Cashflow
Cash Flow
$2,186 income − $3,541 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,920
Closing costs
1%
$4,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$3,541
Mortgage P&I
120%
$2,616
Property Taxes
9%
$196
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0