This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $104k initial cash invested.
-14.44%
Cash On Cash
3.53%
Cap Rate
0.57
DSCR
$3,064
Rent
-$1,253
Cashflow
Cash Flow
$3,064 income − $4,317 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,160
Closing costs
1%
$4,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,064
Total Expenses
$4,317
Mortgage P&I
84%
$2,560
Property Taxes
23%
$692
Home Insurance
6%
$178
HOA
3%
$91
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0