This property looks like a bad Long-Term investment with a projected -17.03% first-year return on $105k initial cash invested.
-17.03%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,516
Rent
-$1,487
Cashflow
Cash Flow
$2,516 income − $4,003 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,516
Total Expenses
$4,003
Mortgage P&I
107%
$2,691
Property Taxes
19%
$482
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0