This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $104k initial cash invested.
-17.52%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,492
Rent
-$1,518
Cashflow
Cash Flow
$2,492 income − $4,010 expenses = $1,518 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,020
Closing costs
1%
$4,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$4,010
Mortgage P&I
109%
$2,715
Property Taxes
19%
$471
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0