This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $104k initial cash invested.
-15.73%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,138
Rent
-$1,363
Cashflow
Cash Flow
$2,138 income − $3,501 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,138
Total Expenses
$3,501
Mortgage P&I
127%
$2,711
Property Taxes
3%
$61
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0