This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $103k initial cash invested.
-18.14%
Cash On Cash
2.6%
Cap Rate
0.42
DSCR
$1,601
Rent
-$1,555
Cashflow
Cash Flow
$1,601 income − $3,156 expenses = $1,555 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,601
Total Expenses
$3,156
Mortgage P&I
159%
$2,538
Property Taxes
2%
$30
Home Insurance
11%
$172
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0