This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $104k initial cash invested.
-16.04%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,671
Rent
-$1,390
Cashflow
Cash Flow
$2,671 income − $4,061 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,671
Total Expenses
$4,061
Mortgage P&I
100%
$2,671
Property Taxes
19%
$520
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0