This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $103k initial cash invested.
-20.42%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$2,313
Rent
-$1,751
Cashflow
Cash Flow
$2,313 income − $4,064 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,313
Total Expenses
$4,064
Mortgage P&I
116%
$2,686
Property Taxes
26%
$604
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0