This property looks like a bad Long-Term investment with a projected -21.29% first-year return on $105k initial cash invested.
-21.29%
Cash On Cash
1.93%
Cap Rate
0.31
DSCR
$1,680
Rent
-$1,859
Cashflow
Cash Flow
$1,680 income − $3,539 expenses = $1,859 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
$1,680
Total Expenses
$3,539
Mortgage P&I
153%
$2,577
Property Taxes
21%
$350
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0