This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $103k initial cash invested.
-16.17%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$2,264
Rent
-$1,386
Cashflow
Cash Flow
$2,264 income − $3,650 expenses = $1,386 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%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$3,650
Mortgage P&I
115%
$2,612
Property Taxes
10%
$219
Home Insurance
10%
$231
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0