This property looks like a bad Long-Term investment with a projected -19.31% first-year return on $105k initial cash invested.
-19.31%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$2,026
Rent
-$1,686
Cashflow
Cash Flow
$2,026 income − $3,712 expenses = $1,686 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,026
Total Expenses
$3,712
Mortgage P&I
131%
$2,656
Property Taxes
17%
$354
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0