This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $105k initial cash invested.
-15.29%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$2,388
Rent
-$1,333
Cashflow
Cash Flow
$2,388 income − $3,721 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,660
Closing costs
1%
$4,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$3,721
Mortgage P&I
110%
$2,630
Property Taxes
12%
$279
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0