This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $103k initial cash invested.
-13.56%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$3,121
Rent
-$1,163
Cashflow
Cash Flow
$3,121 income − $4,284 expenses = $1,163 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%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$4,284
Mortgage P&I
88%
$2,731
Property Taxes
18%
$570
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0