This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $104k initial cash invested.
-16.35%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$2,519
Rent
-$1,415
Cashflow
Cash Flow
$2,519 income − $3,934 expenses = $1,415 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%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$3,934
Mortgage P&I
105%
$2,657
Property Taxes
18%
$449
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0