This property looks like a bad Long-Term investment with a projected -22.18% first-year return on $105k initial cash invested.
-22.18%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$1,943
Rent
-$1,935
Cashflow
Cash Flow
$1,943 income − $3,878 expenses = $1,935 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,700
Closing costs
1%
$4,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,943
Total Expenses
$3,878
Mortgage P&I
142%
$2,762
Property Taxes
22%
$431
Home Insurance
9%
$180
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0