This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $104k initial cash invested.
-17.41%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$2,310
Rent
-$1,507
Cashflow
Cash Flow
$2,310 income − $3,817 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,920
Closing costs
1%
$4,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$3,817
Mortgage P&I
119%
$2,739
Property Taxes
13%
$302
Home Insurance
8%
$174
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0