This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $105k initial cash invested.
-13.74%
Cash On Cash
4.09%
Cap Rate
0.61
DSCR
$2,552
Rent
-$1,200
Cashflow
Cash Flow
$2,552 income − $3,752 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,552
Total Expenses
$3,752
Mortgage P&I
109%
$2,771
Property Taxes
6%
$142
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0