This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $104k initial cash invested.
-17.62%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$2,029
Rent
-$1,527
Cashflow
Cash Flow
$2,029 income − $3,556 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,060
Closing costs
1%
$4,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,029
Total Expenses
$3,556
Mortgage P&I
125%
$2,529
Property Taxes
16%
$325
Home Insurance
9%
$175
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0