This property looks like a bad Long-Term investment with a projected -15.93% first-year return on $105k initial cash invested.
-15.93%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,578
Rent
-$1,391
Cashflow
Cash Flow
$2,578 income − $3,969 expenses = $1,391 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
$2,578
Total Expenses
$3,969
Mortgage P&I
107%
$2,749
Property Taxes
15%
$374
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0