This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $104k initial cash invested.
-14.55%
Cash On Cash
3.94%
Cap Rate
0.59
DSCR
$2,659
Rent
-$1,255
Cashflow
Cash Flow
$2,659 income − $3,914 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$3,914
Mortgage P&I
103%
$2,741
Property Taxes
12%
$306
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0