This property looks like a bad Long-Term investment with a projected -20.13% first-year return on $104k initial cash invested.
-20.13%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,050
Rent
-$1,751
Cashflow
Cash Flow
$2,050 income − $3,801 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$3,801
Mortgage P&I
134%
$2,739
Property Taxes
10%
$212
Home Insurance
8%
$158
HOA
8%
$160
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0