This property looks like a bad Long-Term investment with a projected -14.27% first-year return on $105k initial cash invested.
-14.27%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$3,557
Rent
-$1,244
Cashflow
Cash Flow
$3,557 income − $4,801 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,620
Closing costs
1%
$4,981
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,557
Total Expenses
$4,801
Mortgage P&I
74%
$2,627
Property Taxes
30%
$1,074
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0