This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $105k initial cash invested.
-21.37%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$1,864
Rent
-$1,866
Cashflow
Cash Flow
$1,864 income − $3,730 expenses = $1,866 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,864
Total Expenses
$3,730
Mortgage P&I
145%
$2,702
Property Taxes
20%
$369
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0