This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $103k initial cash invested.
-11.88%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$3,336
Rent
-$1,017
Cashflow
Cash Flow
$3,336 income − $4,353 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,336
Total Expenses
$4,353
Mortgage P&I
80%
$2,684
Property Taxes
17%
$553
Home Insurance
5%
$175
HOA
2%
$73
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0