This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $104k initial cash invested.
-14.35%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$2,724
Rent
-$1,248
Cashflow
Cash Flow
$2,724 income − $3,972 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,724
Total Expenses
$3,972
Mortgage P&I
98%
$2,665
Property Taxes
16%
$425
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0