This property looks like a bad Long-Term investment with a projected -23.06% first-year return on $104k initial cash invested.
-23.06%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$1,353
Rent
-$1,998
Cashflow
Cash Flow
$1,353 income − $3,351 expenses = $1,998 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,353
Total Expenses
$3,351
Mortgage P&I
201%
$2,724
Property Taxes
8%
$102
Home Insurance
13%
$173
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0