This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $105k initial cash invested.
-19.5%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$1,793
Rent
-$1,703
Cashflow
Cash Flow
$1,793 income − $3,496 expenses = $1,703 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,793
Total Expenses
$3,496
Mortgage P&I
152%
$2,732
Property Taxes
7%
$122
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0