This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $104k initial cash invested.
-16.75%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$1,893
Rent
-$1,451
Cashflow
Cash Flow
$1,893 income − $3,344 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,893
Total Expenses
$3,344
Mortgage P&I
133%
$2,518
Property Taxes
8%
$160
Home Insurance
9%
$173
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0