This property looks like a bad Long-Term investment with a projected -13.25% first-year return on $105k initial cash invested.
-13.25%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$2,234
Rent
-$1,157
Cashflow
Cash Flow
$2,234 income − $3,391 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,820
Closing costs
1%
$4,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$3,391
Mortgage P&I
115%
$2,568
Property Taxes
3%
$70
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0