This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $104k initial cash invested.
-19.51%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$3,050
Rent
-$1,697
Cashflow
Cash Flow
$3,050 income − $4,747 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,050
Total Expenses
$4,747
Mortgage P&I
89%
$2,724
Property Taxes
24%
$722
Home Insurance
6%
$174
HOA
11%
$335
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0