This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $104k initial cash invested.
-13.67%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,964
Rent
-$1,185
Cashflow
Cash Flow
$2,964 income − $4,149 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$4,149
Mortgage P&I
90%
$2,670
Property Taxes
18%
$522
Home Insurance
6%
$187
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0