This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $105k initial cash invested.
-17.2%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$1,943
Rent
-$1,498
Cashflow
Cash Flow
$1,943 income − $3,441 expenses = $1,498 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,560
Closing costs
1%
$4,978
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,943
Total Expenses
$3,441
Mortgage P&I
139%
$2,709
Property Taxes
2%
$43
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0