This property looks like a bad Long-Term investment with a projected -19.59% first-year return on $104k initial cash invested.
-19.59%
Cash On Cash
2.46%
Cap Rate
0.39
DSCR
$2,695
Rent
-$1,697
Cashflow
Cash Flow
$2,695 income − $4,392 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,695
Total Expenses
$4,392
Mortgage P&I
96%
$2,576
Property Taxes
35%
$941
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0