This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $105k initial cash invested.
-19.65%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$1,901
Rent
-$1,717
Cashflow
Cash Flow
$1,901 income − $3,618 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,860
Closing costs
1%
$4,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,901
Total Expenses
$3,618
Mortgage P&I
140%
$2,657
Property Taxes
15%
$289
Home Insurance
9%
$178
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0