This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $104k initial cash invested.
-12.93%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$2,589
Rent
-$1,120
Cashflow
Cash Flow
$2,589 income − $3,709 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,589
Total Expenses
$3,709
Mortgage P&I
101%
$2,622
Property Taxes
8%
$217
Home Insurance
7%
$173
HOA
1%
$25
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0