This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $104k initial cash invested.
-15.13%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,672
Rent
-$1,316
Cashflow
Cash Flow
$2,672 income − $3,988 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,380
Closing costs
1%
$4,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,672
Total Expenses
$3,988
Mortgage P&I
103%
$2,753
Property Taxes
12%
$319
Home Insurance
7%
$175
HOA
2%
$46
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0