This property looks like a bad Long-Term investment with a projected -19.42% first-year return on $103k initial cash invested.
-19.42%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$2,040
Rent
-$1,665
Cashflow
Cash Flow
$2,040 income − $3,705 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,040
Total Expenses
$3,705
Mortgage P&I
130%
$2,662
Property Taxes
17%
$341
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0