This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $105k initial cash invested.
-16.97%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,554
Rent
-$1,478
Cashflow
Cash Flow
$2,554 income − $4,032 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,554
Total Expenses
$4,032
Mortgage P&I
107%
$2,736
Property Taxes
18%
$457
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0