This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $105k initial cash invested.
-14.6%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$2,825
Rent
-$1,273
Cashflow
Cash Flow
$2,825 income − $4,098 expenses = $1,273 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%
$99,640
Closing costs
1%
$4,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$4,098
Mortgage P&I
96%
$2,721
Property Taxes
17%
$468
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0