This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $104k initial cash invested.
-15.38%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$2,203
Rent
-$1,335
Cashflow
Cash Flow
$2,203 income − $3,538 expenses = $1,335 out of pocket
Investment Breakdown
|
Purchase Price
$496k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,180
Closing costs
1%
$4,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,203
Total Expenses
$3,538
Mortgage P&I
120%
$2,636
Property Taxes
4%
$95
Home Insurance
10%
$210
HOA
1%
$25
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0