This property looks like a bad Long-Term investment with a projected -19.08% first-year return on $104k initial cash invested.
-19.08%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,768
Rent
-$1,653
Cashflow
Cash Flow
$2,768 income − $4,421 expenses = $1,653 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,768
Total Expenses
$4,421
Mortgage P&I
98%
$2,719
Property Taxes
29%
$810
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0