This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $103k initial cash invested.
-14.46%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$2,806
Rent
-$1,240
Cashflow
Cash Flow
$2,806 income − $4,046 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$4,046
Mortgage P&I
95%
$2,671
Property Taxes
17%
$474
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0