This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $105k initial cash invested.
-12.85%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$2,590
Rent
-$1,121
Cashflow
Cash Flow
$2,590 income − $3,711 expenses = $1,121 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,700
Closing costs
1%
$4,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,590
Total Expenses
$3,711
Mortgage P&I
100%
$2,589
Property Taxes
11%
$273
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0