This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $104k initial cash invested.
-14.16%
Cash On Cash
3.58%
Cap Rate
0.57
DSCR
$2,315
Rent
-$1,227
Cashflow
Cash Flow
$2,315 income − $3,542 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,315
Total Expenses
$3,542
Mortgage P&I
112%
$2,588
Property Taxes
8%
$178
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0