This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $104k initial cash invested.
-17.56%
Cash On Cash
2.65%
Cap Rate
0.44
DSCR
$2,340
Rent
-$1,519
Cashflow
Cash Flow
$2,340 income − $3,859 expenses = $1,519 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,860
Closing costs
1%
$4,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,340
Total Expenses
$3,859
Mortgage P&I
107%
$2,493
Property Taxes
22%
$516
Home Insurance
8%
$182
HOA
3%
$60
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0