This property looks like a bad Long-Term investment with a projected -17.15% first-year return on $104k initial cash invested.
-17.15%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$2,365
Rent
-$1,481
Cashflow
Cash Flow
$2,365 income − $3,846 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,365
Total Expenses
$3,846
Mortgage P&I
112%
$2,637
Property Taxes
16%
$375
Home Insurance
7%
$175
HOA
2%
$45
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0