This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $104k initial cash invested.
-12.86%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$2,966
Rent
-$1,114
Cashflow
Cash Flow
$2,966 income − $4,080 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,966
Total Expenses
$4,080
Mortgage P&I
87%
$2,568
Property Taxes
19%
$568
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0