This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $103k initial cash invested.
-18.99%
Cash On Cash
2.73%
Cap Rate
0.42
DSCR
$2,198
Rent
-$1,628
Cashflow
Cash Flow
$2,198 income − $3,826 expenses = $1,628 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$3,826
Mortgage P&I
120%
$2,633
Property Taxes
20%
$449
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0