This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $105k initial cash invested.
-11.67%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$3,291
Rent
-$1,019
Cashflow
Cash Flow
$3,291 income − $4,310 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,291
Total Expenses
$4,310
Mortgage P&I
82%
$2,712
Property Taxes
17%
$567
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$197
Maintenance
5%
$165
Other
0%
$0