This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $104k initial cash invested.
-13.17%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,775
Rent
-$1,137
Cashflow
Cash Flow
$2,775 income − $3,912 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,640
Closing costs
1%
$4,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,775
Total Expenses
$3,912
Mortgage P&I
95%
$2,631
Property Taxes
11%
$311
Home Insurance
8%
$210
HOA
1%
$38
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0