This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $104k initial cash invested.
-13.52%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$2,714
Rent
-$1,177
Cashflow
Cash Flow
$2,714 income − $3,891 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,714
Total Expenses
$3,891
Mortgage P&I
100%
$2,721
Property Taxes
10%
$282
Home Insurance
7%
$180
HOA
0%
$2
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0