This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $105k initial cash invested.
-12.67%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$2,645
Rent
-$1,106
Cashflow
Cash Flow
$2,645 income − $3,751 expenses = $1,106 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
$2,645
Total Expenses
$3,751
Mortgage P&I
104%
$2,740
Property Taxes
6%
$149
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0