This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $104k initial cash invested.
-11.73%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$2,885
Rent
-$1,018
Cashflow
Cash Flow
$2,885 income − $3,903 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,885
Total Expenses
$3,903
Mortgage P&I
87%
$2,524
Property Taxes
15%
$446
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0