This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $103k initial cash invested.
-13.88%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$2,725
Rent
-$1,189
Cashflow
Cash Flow
$2,725 income − $3,914 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,725
Total Expenses
$3,914
Mortgage P&I
97%
$2,649
Property Taxes
14%
$382
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0