This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $104k initial cash invested.
-11.69%
Cash On Cash
3.93%
Cap Rate
0.65
DSCR
$2,529
Rent
-$1,013
Cashflow
Cash Flow
$2,529 income − $3,542 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,529
Total Expenses
$3,542
Mortgage P&I
99%
$2,510
Property Taxes
8%
$202
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0