This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $105k initial cash invested.
-19.93%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$1,725
Rent
-$1,740
Cashflow
Cash Flow
$1,725 income − $3,465 expenses = $1,740 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%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,725
Total Expenses
$3,465
Mortgage P&I
149%
$2,577
Property Taxes
15%
$265
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0