This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $104k initial cash invested.
-13.78%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$2,685
Rent
-$1,199
Cashflow
Cash Flow
$2,685 income − $3,884 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,460
Closing costs
1%
$4,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,685
Total Expenses
$3,884
Mortgage P&I
98%
$2,622
Property Taxes
15%
$390
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0