This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $103k initial cash invested.
-22.41%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$1,490
Rent
-$1,923
Cashflow
Cash Flow
$1,490 income − $3,413 expenses = $1,923 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,490
Total Expenses
$3,413
Mortgage P&I
180%
$2,682
Property Taxes
11%
$170
Home Insurance
12%
$175
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0