This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $105k initial cash invested.
-13.31%
Cash On Cash
3.62%
Cap Rate
0.6
DSCR
$2,761
Rent
-$1,162
Cashflow
Cash Flow
$2,761 income − $3,923 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,761
Total Expenses
$3,923
Mortgage P&I
92%
$2,531
Property Taxes
18%
$499
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0