This property looks like a bad Long-Term investment with a projected -23.21% first-year return on $104k initial cash invested.
-23.21%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$2,097
Rent
-$2,020
Cashflow
Cash Flow
$2,097 income − $4,117 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$4,117
Mortgage P&I
131%
$2,741
Property Taxes
33%
$685
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0