This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $104k initial cash invested.
-13.42%
Cash On Cash
4.25%
Cap Rate
0.63
DSCR
$2,949
Rent
-$1,167
Cashflow
Cash Flow
$2,949 income − $4,116 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,400
Closing costs
1%
$4,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,949
Total Expenses
$4,116
Mortgage P&I
94%
$2,780
Property Taxes
14%
$413
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0