This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $104k initial cash invested.
-14.71%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$2,512
Rent
-$1,274
Cashflow
Cash Flow
$2,512 income − $3,786 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,512
Total Expenses
$3,786
Mortgage P&I
108%
$2,701
Property Taxes
10%
$244
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0