This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $104k initial cash invested.
-14.74%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$2,372
Rent
-$1,277
Cashflow
Cash Flow
$2,372 income − $3,649 expenses = $1,277 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,372
Total Expenses
$3,649
Mortgage P&I
116%
$2,754
Property Taxes
4%
$105
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0