This property looks like a bad Long-Term investment with a projected -22% first-year return on $105k initial cash invested.
-22%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$1,491
Rent
-$1,917
Cashflow
Cash Flow
$1,491 income − $3,408 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,600
Closing costs
1%
$4,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,491
Total Expenses
$3,408
Mortgage P&I
185%
$2,754
Property Taxes
6%
$92
Home Insurance
12%
$174
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$89
Maintenance
5%
$75
Other
0%
$0