This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $103k initial cash invested.
-16.88%
Cash On Cash
3.1%
Cap Rate
0.49
DSCR
$2,110
Rent
-$1,445
Cashflow
Cash Flow
$2,110 income − $3,555 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,110
Total Expenses
$3,555
Mortgage P&I
123%
$2,603
Property Taxes
10%
$204
Home Insurance
9%
$198
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0