This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $105k initial cash invested.
-15.88%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$3,154
Rent
-$1,387
Cashflow
Cash Flow
$3,154 income − $4,541 expenses = $1,387 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,154
Total Expenses
$4,541
Mortgage P&I
87%
$2,735
Property Taxes
24%
$758
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0