This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $105k initial cash invested.
-11.75%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$2,902
Rent
-$1,026
Cashflow
Cash Flow
$2,902 income − $3,928 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,902
Total Expenses
$3,928
Mortgage P&I
92%
$2,661
Property Taxes
12%
$338
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0