This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $103k initial cash invested.
-15.78%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,440
Rent
-$1,353
Cashflow
Cash Flow
$2,440 income − $3,793 expenses = $1,353 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,440
Total Expenses
$3,793
Mortgage P&I
111%
$2,707
Property Taxes
11%
$280
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0