This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $104k initial cash invested.
-17.3%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$2,332
Rent
-$1,498
Cashflow
Cash Flow
$2,332 income − $3,830 expenses = $1,498 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,940
Closing costs
1%
$4,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$3,830
Mortgage P&I
116%
$2,697
Property Taxes
14%
$318
Home Insurance
8%
$175
HOA
1%
$33
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0