This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $103k initial cash invested.
-14.34%
Cash On Cash
3.39%
Cap Rate
0.55
DSCR
$2,268
Rent
-$1,228
Cashflow
Cash Flow
$2,268 income − $3,496 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,268
Total Expenses
$3,496
Mortgage P&I
110%
$2,496
Property Taxes
10%
$236
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0