This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $105k initial cash invested.
-14.25%
Cash On Cash
4.04%
Cap Rate
0.6
DSCR
$2,809
Rent
-$1,243
Cashflow
Cash Flow
$2,809 income − $4,052 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,680
Closing costs
1%
$4,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,809
Total Expenses
$4,052
Mortgage P&I
99%
$2,779
Property Taxes
13%
$368
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0