This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $105k initial cash invested.
-16.04%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,594
Rent
-$1,402
Cashflow
Cash Flow
$2,594 income − $3,996 expenses = $1,402 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,880
Closing costs
1%
$4,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$3,996
Mortgage P&I
104%
$2,698
Property Taxes
17%
$446
Home Insurance
7%
$177
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0