This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $105k initial cash invested.
-17.26%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$2,138
Rent
-$1,507
Cashflow
Cash Flow
$2,138 income − $3,645 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,138
Total Expenses
$3,645
Mortgage P&I
130%
$2,789
Property Taxes
6%
$125
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0