This property looks like a bad Long-Term investment with a projected -17.49% first-year return on $104k initial cash invested.
-17.49%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$2,270
Rent
-$1,515
Cashflow
Cash Flow
$2,270 income − $3,785 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,270
Total Expenses
$3,785
Mortgage P&I
121%
$2,746
Property Taxes
11%
$257
Home Insurance
8%
$178
HOA
1%
$13
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0