This property looks like a bad Long-Term investment with a projected -15.41% first-year return on $103k initial cash invested.
-15.41%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$2,410
Rent
-$1,319
Cashflow
Cash Flow
$2,410 income − $3,729 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,410
Total Expenses
$3,729
Mortgage P&I
104%
$2,512
Property Taxes
15%
$362
Home Insurance
7%
$171
HOA
2%
$58
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0