This property looks like a bad Long-Term investment with a projected -16.28% first-year return on $103k initial cash invested.
-16.28%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$2,448
Rent
-$1,392
Cashflow
Cash Flow
$2,448 income − $3,840 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,740
Closing costs
1%
$4,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,448
Total Expenses
$3,840
Mortgage P&I
108%
$2,638
Property Taxes
16%
$391
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0