This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $103k initial cash invested.
-15.98%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,432
Rent
-$1,365
Cashflow
Cash Flow
$2,432 income − $3,797 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$3,797
Mortgage P&I
109%
$2,662
Property Taxes
13%
$324
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0