This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $103k initial cash invested.
-15.69%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$3,163
Rent
-$1,344
Cashflow
Cash Flow
$3,163 income − $4,507 expenses = $1,344 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,163
Total Expenses
$4,507
Mortgage P&I
83%
$2,618
Property Taxes
28%
$895
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0