This property looks like a bad Long-Term investment with a projected -18.18% first-year return on $104k initial cash invested.
-18.18%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$2,459
Rent
-$1,575
Cashflow
Cash Flow
$2,459 income − $4,034 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,459
Total Expenses
$4,034
Mortgage P&I
109%
$2,674
Property Taxes
19%
$478
Home Insurance
7%
$173
HOA
3%
$69
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0