This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $104k initial cash invested.
-20.4%
Cash On Cash
2.68%
Cap Rate
0.4
DSCR
$1,953
Rent
-$1,767
Cashflow
Cash Flow
$1,953 income − $3,720 expenses = $1,767 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$3,720
Mortgage P&I
142%
$2,775
Property Taxes
14%
$264
Home Insurance
9%
$173
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0