This property looks like a bad Long-Term investment with a projected -17.73% first-year return on $103k initial cash invested.
-17.73%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$2,131
Rent
-$1,517
Cashflow
Cash Flow
$2,131 income − $3,648 expenses = $1,517 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%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,131
Total Expenses
$3,648
Mortgage P&I
124%
$2,632
Property Taxes
13%
$286
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0