This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $103k initial cash invested.
-15.63%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$2,610
Rent
-$1,341
Cashflow
Cash Flow
$2,610 income − $3,951 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,610
Total Expenses
$3,951
Mortgage P&I
105%
$2,733
Property Taxes
14%
$367
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0