This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $105k initial cash invested.
-15.51%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,728
Rent
-$1,351
Cashflow
Cash Flow
$2,728 income − $4,079 expenses = $1,351 out of pocket
Investment Breakdown
|
Purchase Price
$498k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,540
Closing costs
1%
$4,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,728
Total Expenses
$4,079
Mortgage P&I
100%
$2,720
Property Taxes
15%
$420
Home Insurance
6%
$175
HOA
2%
$55
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0