This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $105k initial cash invested.
-15.72%
Cash On Cash
3.26%
Cap Rate
0.52
DSCR
$2,163
Rent
-$1,373
Cashflow
Cash Flow
$2,163 income − $3,536 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,163
Total Expenses
$3,536
Mortgage P&I
121%
$2,620
Property Taxes
8%
$179
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0