This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $104k initial cash invested.
-15.95%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,610
Rent
-$1,382
Cashflow
Cash Flow
$2,610 income − $3,992 expenses = $1,382 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%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,610
Total Expenses
$3,992
Mortgage P&I
103%
$2,679
Property Taxes
18%
$462
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0