This property looks like a bad Long-Term investment with a projected -17.29% first-year return on $103k initial cash invested.
-17.29%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$2,194
Rent
-$1,484
Cashflow
Cash Flow
$2,194 income − $3,678 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,194
Total Expenses
$3,678
Mortgage P&I
122%
$2,671
Property Taxes
11%
$252
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0