This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $105k initial cash invested.
-20.42%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$2,093
Rent
-$1,783
Cashflow
Cash Flow
$2,093 income − $3,876 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,093
Total Expenses
$3,876
Mortgage P&I
131%
$2,750
Property Taxes
19%
$406
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0