This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $104k initial cash invested.
-18.36%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$3,193
Rent
-$1,595
Cashflow
Cash Flow
$3,193 income − $4,788 expenses = $1,595 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,193
Total Expenses
$4,788
Mortgage P&I
86%
$2,749
Property Taxes
32%
$1,033
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0