This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $104k initial cash invested.
-13.54%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$2,642
Rent
-$1,176
Cashflow
Cash Flow
$2,642 income − $3,818 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,240
Closing costs
1%
$4,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,642
Total Expenses
$3,818
Mortgage P&I
101%
$2,669
Property Taxes
11%
$284
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0