This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $105k initial cash invested.
-13.92%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,451
Rent
-$1,216
Cashflow
Cash Flow
$2,451 income − $3,667 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,451
Total Expenses
$3,667
Mortgage P&I
109%
$2,682
Property Taxes
7%
$172
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0