This property looks like a bad Long-Term investment with a projected -13.25% first-year return on $105k initial cash invested.
-13.25%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,520
Rent
-$1,157
Cashflow
Cash Flow
$2,520 income − $3,677 expenses = $1,157 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%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,520
Total Expenses
$3,677
Mortgage P&I
106%
$2,669
Property Taxes
7%
$178
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0