This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $104k initial cash invested.
-12.56%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,832
Rent
-$1,087
Cashflow
Cash Flow
$2,832 income − $3,919 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,900
Closing costs
1%
$4,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,832
Total Expenses
$3,919
Mortgage P&I
95%
$2,687
Property Taxes
10%
$293
Home Insurance
6%
$175
HOA
1%
$27
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0