This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $103k initial cash invested.
-16.89%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$1,826
Rent
-$1,445
Cashflow
Cash Flow
$1,826 income − $3,271 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,826
Total Expenses
$3,271
Mortgage P&I
137%
$2,505
Property Taxes
5%
$95
Home Insurance
9%
$171
HOA
1%
$25
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0