This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $105k initial cash invested.
-16.12%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$2,597
Rent
-$1,408
Cashflow
Cash Flow
$2,597 income − $4,005 expenses = $1,408 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
$2,597
Total Expenses
$4,005
Mortgage P&I
106%
$2,744
Property Taxes
16%
$410
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0