This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $103k initial cash invested.
-16.78%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$2,875
Rent
-$1,437
Cashflow
Cash Flow
$2,875 income − $4,312 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$4,312
Mortgage P&I
92%
$2,637
Property Taxes
27%
$763
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0