This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $104k initial cash invested.
-13.35%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$3,303
Rent
-$1,161
Cashflow
Cash Flow
$3,303 income − $4,464 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,360
Closing costs
1%
$4,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,303
Total Expenses
$4,464
Mortgage P&I
81%
$2,675
Property Taxes
16%
$519
Home Insurance
6%
$208
HOA
6%
$204
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0