This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $104k initial cash invested.
-12.65%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$2,806
Rent
-$1,096
Cashflow
Cash Flow
$2,806 income − $3,902 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,980
Closing costs
1%
$4,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$3,902
Mortgage P&I
92%
$2,572
Property Taxes
15%
$428
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0