This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $104k initial cash invested.
-15.03%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,724
Rent
-$1,303
Cashflow
Cash Flow
$2,724 income − $4,027 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,724
Total Expenses
$4,027
Mortgage P&I
98%
$2,681
Property Taxes
17%
$466
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0