This property looks like a bad Long-Term investment with a projected -21.69% first-year return on $105k initial cash invested.
-21.69%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$1,202
Rent
-$1,894
Cashflow
Cash Flow
$1,202 income − $3,096 expenses = $1,894 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,202
Total Expenses
$3,096
Mortgage P&I
214%
$2,576
Property Taxes
3%
$33
Home Insurance
15%
$175
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0