This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $104k initial cash invested.
-14.82%
Cash On Cash
4%
Cap Rate
0.59
DSCR
$2,894
Rent
-$1,284
Cashflow
Cash Flow
$2,894 income − $4,178 expenses = $1,284 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,894
Total Expenses
$4,178
Mortgage P&I
96%
$2,791
Property Taxes
16%
$461
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0