This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $105k initial cash invested.
-15.69%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$3,307
Rent
-$1,367
Cashflow
Cash Flow
$3,307 income − $4,674 expenses = $1,367 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%
$99,560
Closing costs
1%
$4,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,307
Total Expenses
$4,674
Mortgage P&I
84%
$2,775
Property Taxes
26%
$865
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0