This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $103k initial cash invested.
-16.33%
Cash On Cash
3.13%
Cap Rate
0.5
DSCR
$2,204
Rent
-$1,400
Cashflow
Cash Flow
$2,204 income − $3,604 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,204
Total Expenses
$3,604
Mortgage P&I
117%
$2,569
Property Taxes
13%
$291
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0