This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $104k initial cash invested.
-20.19%
Cash On Cash
2.2%
Cap Rate
0.36
DSCR
$2,199
Rent
-$1,749
Cashflow
Cash Flow
$2,199 income − $3,948 expenses = $1,749 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$3,948
Mortgage P&I
116%
$2,547
Property Taxes
30%
$656
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0