This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $104k initial cash invested.
-17.68%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$2,852
Rent
-$1,530
Cashflow
Cash Flow
$2,852 income − $4,382 expenses = $1,530 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%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,852
Total Expenses
$4,382
Mortgage P&I
94%
$2,684
Property Taxes
27%
$772
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0