This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $105k initial cash invested.
-18.62%
Cash On Cash
3.11%
Cap Rate
0.46
DSCR
$2,579
Rent
-$1,626
Cashflow
Cash Flow
$2,579 income − $4,205 expenses = $1,626 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,579
Total Expenses
$4,205
Mortgage P&I
108%
$2,790
Property Taxes
22%
$569
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0