This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $105k initial cash invested.
-14.57%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$2,600
Rent
-$1,272
Cashflow
Cash Flow
$2,600 income − $3,872 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$99,800
Closing costs
1%
$4,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$3,872
Mortgage P&I
104%
$2,711
Property Taxes
12%
$310
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0