This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $104k initial cash invested.
-14.91%
Cash On Cash
3.2%
Cap Rate
0.53
DSCR
$2,202
Rent
-$1,292
Cashflow
Cash Flow
$2,202 income − $3,494 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,202
Total Expenses
$3,494
Mortgage P&I
114%
$2,503
Property Taxes
11%
$246
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0