This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $104k initial cash invested.
-11.59%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$3,002
Rent
-$1,005
Cashflow
Cash Flow
$3,002 income − $4,007 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$4,007
Mortgage P&I
89%
$2,681
Property Taxes
12%
$371
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0