This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $104k initial cash invested.
-13.85%
Cash On Cash
4.05%
Cap Rate
0.61
DSCR
$2,875
Rent
-$1,196
Cashflow
Cash Flow
$2,875 income − $4,071 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,720
Closing costs
1%
$4,936
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$4,071
Mortgage P&I
95%
$2,717
Property Taxes
14%
$415
Home Insurance
7%
$191
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0