This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $103k initial cash invested.
-17.3%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$2,493
Rent
-$1,478
Cashflow
Cash Flow
$2,493 income − $3,971 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,493
Total Expenses
$3,971
Mortgage P&I
107%
$2,676
Property Taxes
19%
$474
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0