This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $104k initial cash invested.
-14.59%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,657
Rent
-$1,269
Cashflow
Cash Flow
$2,657 income − $3,926 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,420
Closing costs
1%
$4,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,657
Total Expenses
$3,926
Mortgage P&I
103%
$2,727
Property Taxes
11%
$300
Home Insurance
7%
$177
HOA
1%
$31
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0