This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $105k initial cash invested.
-13.3%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$2,927
Rent
-$1,161
Cashflow
Cash Flow
$2,927 income − $4,088 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$4,088
Mortgage P&I
91%
$2,671
Property Taxes
16%
$481
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0