This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $103k initial cash invested.
-21.74%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$1,183
Rent
-$1,864
Cashflow
Cash Flow
$1,183 income − $3,047 expenses = $1,864 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
$1,183
Total Expenses
$3,047
Mortgage P&I
215%
$2,538
Property Taxes
3%
$30
Home Insurance
15%
$172
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0