This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $103k initial cash invested.
-14.25%
Cash On Cash
3.65%
Cap Rate
0.58
DSCR
$3,131
Rent
-$1,228
Cashflow
Cash Flow
$3,131 income − $4,359 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,131
Total Expenses
$4,359
Mortgage P&I
82%
$2,571
Property Taxes
25%
$798
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0