This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $105k initial cash invested.
-15.38%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$2,393
Rent
-$1,342
Cashflow
Cash Flow
$2,393 income − $3,735 expenses = $1,342 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,720
Closing costs
1%
$4,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,393
Total Expenses
$3,735
Mortgage P&I
113%
$2,714
Property Taxes
4%
$92
Home Insurance
13%
$306
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0