This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $103k initial cash invested.
-12.63%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$3,255
Rent
-$1,082
Cashflow
Cash Flow
$3,255 income − $4,337 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,255
Total Expenses
$4,337
Mortgage P&I
83%
$2,710
Property Taxes
19%
$605
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0