This property looks like a bad Long-Term investment with a projected -19.73% first-year return on $104k initial cash invested.
-19.73%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$1,722
Rent
-$1,709
Cashflow
Cash Flow
$1,722 income − $3,431 expenses = $1,709 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,722
Total Expenses
$3,431
Mortgage P&I
155%
$2,662
Property Taxes
9%
$149
Home Insurance
10%
$173
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0